An Extra $600 in Stimulus Cash May Be Coming for Californians

Mandatory Credit: Photo by Jae Hong/AP/Shutterstock (11692030a)California Gov.
Jae Hong/AP/Shutterstock / Jae Hong/AP/Shutterstock

California Governor Gavin Newsom announced yesterday a proposal to help low-income Californians with $600 direct payments, which would come in addition to the $600 from the latest stimulus package.

The “Golden Gate Stimulus will also reach low-income Californians who are excluded from the federal stimulus, such as undocumented households that file taxes with an Individual Taxpayer Identification Number, including parents with U.S. citizen children,” the Governor said in a statement.

See: Third Stimulus Check Likely Coming Under Biden – How Much Could You Get?
Find: Refusing to Wait for Congress, These Cities and States Are Handing Out COVID-19 Relief

“The Golden State stimulus is needed now more than ever. Millions of working families are on the ropes, barely hanging on during this pandemic-induced recession,” said Senator Mike McGuire (D-Healdsburg) in a statement.

“Too many families have been financially devastated by this pandemic,” said in a statement Assembly member Eloise Gómez Reyes (D-San Bernardino). “The Golden State Stimulus will put $600 into the pockets of those who need it the most, and when added to federal relief, could mean $1200 in quick support for low-income Californians. We are proud to collaborate with the Governor on this important proposal.”

See: 59% of Americans Say They Will Use Their Stimulus Money for This Necessity
Find: Didn’t Get Your Stimulus Check? You Might Want to Blame TurboTax or H&R Block

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In addition to this stimulus, Governor Newsom’s proposal also includes extending the state’s eviction moratorium and expediting distribution of California’s $2.6 billion share of federal rental assistance to assist low-income tenants. Under this proposal, California renters who are experiencing financial hardship related to the COVID-19 pandemic and pay at least 25% of their monthly rent cannot be evicted for unpaid rent. In August, the Governor and Legislature enacted the nation’s strongest statewide eviction protections. However, that protection is temporary – without immediate action, the moratorium expires on January 31st.

In the meantime, be sure to capitalize on the tax advantages from previous stimulus payments.

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About the Author

Yaël Bizouati-Kennedy is a former full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She also worked as a vice president/senior content writer for major NYC-based financial companies, including New York Life and MSCI. Yaël is now freelancing and most recently, she co-authored  the book “Blockchain for Medical Research: Accelerating Trust in Healthcare,” with Dr. Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, including one in Journalism from New York University and one in Russian Studies from Université Toulouse-Jean Jaurès, France.

An Extra $600 in Stimulus Cash May Be Coming for Californians
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