The "Golden State stimulus," an ambitious COVID-19 relief program, will be expedited for legislative approval next week after Gov. Gavin Newsom announced a deal on the plan Wednesday. Aside from federal funds for child-care assistance, the rest of the relief package comes from state taxpayer money and is made possible by tax revenue collections that were much better than expected. The onetime $600 payment to households, which Newsom proposed last month, would cost about $2.3 billion and go to people including those receiving the California earned income tax credit for 2020, given to people making under $30,000 a year. In addition, the agreement would provide a stimulus check to taxpayers with individual tax identification numbers who did not receive federal stimulus payments and whose income is below $75,000. Beneficiaries would include immigrants who are in the country illegally who file tax forms.
Gov. Gavin Newsom and legislative leaders announced Wednesday that they have agreed to provide low-income Californians a $600 state stimulus payment to help them weather financial hardships during the COVID-19 pandemic, part of a $9.6-billion economic recovery package that also includes $2.1 billion in grants for small businesses. The "Golden State stimulus" payments provided under the state proposal, which will be expedited for legislative approval next week, are in addition to the $600-per-person stimulus checks already approved by Congress and would be on top of direct payments of up to $1,400 per person that have been proposed by House Democrats. The package put forward for immediate action also provides more than $400 million in new federal funds for stipends of $525 per enrolled child for all state-subsidized child-care and preschool providers, which serve some 400,000 children in subsidized care statewide. "As we continue to fight the pandemic and recover, I'm grateful for the Legislature's partnership to provide urgent relief and support for California families and small businesses where it's needed most," Newsom said in a statement announcing the expedited relief package with Senate President pro Tem Toni Atkins (D-San Diego) and Assembly Speaker Anthony Rendon (D-Lakewood). The one-time $600 payment to households, which Newsom proposed last month, would cost about $2.3 billion, and go to people including those receiving the California earned income tax credit for 2020.
Californians who qualify for a $600 state stimulus payment could see the money arrive as soon as a month after filing their tax returns under a $7.6-billion COVID-19 economic relief package approved Monday by the state Legislature. Crafted by Gov. Gavin Newsom and legislative leaders last week, the pandemic assistance plan also includes more than $2.1 billion in grants and fee waivers for small businesses. Those companies can soon apply for the grants, followed by an approval process that state officials estimate would take 45 days. Another $2 billion in tax breaks for businesses is expected to be acted on by the Legislature later this week, which would bring the total package to $9.6 billion. The stimulus assistance for residents earning $30,000 a year or less will come much quicker -- four to five weeks on average after they file 2020 tax returns with the state Franchise Tax Board if they also sign up for direct deposit, said H.D. Palmer, a spokesman for the California Department of Finance.
The federal government quietly finalised an agreement to pay $3.6m to a company proposing a coal-fired power station at Collinsville in north Queensland this month, despite prior warnings the grant could be disallowed by the parliament and that making any payment beforehand could be "improper". Last week, ahead of the return of federal parliament – where the grant to Shine Energy will be subject to a disallowance motion, backed by Labor and the Greens – the federal government's grants register was updated to include the final details of the controversial handout. The register confirms Shine Energy was ultimately awarded $3.636m to conduct a feasibility study for the controversial coal plant, after negotiating a grant agreement with the Department of Industry, Science, Energy and Resources. Guardian Australia asked the department on Tuesday morning whether any grant money had been paid to Shine. The department did not address the question in a response sent late on Wednesday.
Millions of Americans living in four U.S. states are set to receive direct payments this month as calls for a fourth round of stimulus checks continue to grow. States that are set to send out more relief payments to their residents this October are California, New York, Tennessee and Alaska. In California, officials for the state's Franchise Tax Board are scheduled to send out the latest batch of payments amounting up to $1,100 on Oct. 5 as part of the Golden State Stimulus II program by Gov. Gavin Newsom, D-Calif. Under the program, Californians earning less than $75,000 for the 2020 tax year may be eligible to receive the one-time payments. The initial round of payments was sent to low-income residents and undocumented workers who did not receive the federal stimulus checks sent by the Biden administration. In New York, authorities have allocated $2.1 billion for the Excluded Workers Fund, which aims to provide relief to workers who weren't eligible to receive unemployment benefits, including undocumented immigrants.