This week, California’s final round of stimulus money is being sent to recipients around the country. They received $600 and $500 more for dependents for families who meet the eligibility standards, Yahoo News posted.
Next Round of Stimulus Checks Not Guaranteed in California
California, one of those states, just sent out the final stimulus checks to people earlier this week, totaling more than $5.9 billion. That money was most certainly a tremendous lift for those who qualified for the stimulus funds, but Californians now do not receive any payouts, The Ascent wrote. Because federal stimulus funds were restricted in 2021, about a dozen states stepped in to help their citizens weather the pandemic’s economic storm.
However, this does not mean that the stimulus increases for citizens of the Golden State will come to an end. While nothing is certain, there are three clues that extra stimulus money for Californians in 2022 could be on the road. Here’s a list of those warning indicators.
Three Signs That More Stimulus Money Is Coming
As the COVID-19 pandemic continues to take its toll on the country, millions of Americans are clinging to the hope that additional federal stimulus money will emerge in mailboxes and bank accounts in 2022. There aren’t many signs in California though, that a new round of stimulus money, or even additional Child Tax Credit money, is on the assignment right now. Well, not when it comes to federal stimulus money, at least not in the short term. Extra stimulus money may be on the way for residents of the selected state, according to MSN.
First, California has a lot of spare funds in its budget that can be used to pay out stimulus funds. The direct payments to Californians in 2021 were made possible by a significant budget surplus that exceeded the state’s constitutional limit. Second, the governor has indicated that stimulus funds are on the way. For California’s 2022 budget, Governor Gavin Newsom proposed a $286 billion budget plan. Third, the stimulus package for California in 2021 was a big success, reaching far more people than anticipated. Instead of reserving more stimulus money for Americans in 2021, the California government chose the opposite position.
Read More About:
COLA’s Largest Update in 40 Years to Be Given to SS Beneficiaries in 2022