Californians may not receive their gas rebate until October under the legislative plan authored by Democratic legislators.
The legislative plan would use $8 million through the Franchise Tax Board (FTB) to benefit taxpayers making up to $125,000 with $200 checks that would be an additional $200 for each child or other dependant, according to a report from the Bay Area News Group. Newsom warned this process could add months to the rebate timeline.
Leaders spearheading the rebate must determine if everyone will be eligible for the money, or just people in certain income levels to offset the high price of gasoline.
In March, Newsom proposed $400 for each registered vehicle, capped at $800 for two vehicles, totaling $11 billion in rebates. The Department of Motor Vehicles would be responsible for the rebate, not the FTB, which could come in the form of debit cards in the early summer.
Newsom said that this rebate should include higher-income earners that were left out of the previous stimulus check that was limited to people earning $75,000 or less.
Discussions of the rebate will continue at the May budget revision next week.
The average price of a gallon of self-serve regular gasoline in San Diego County dropped three-tenths of a cent today to $5.834, ending a streak of 10 increases in 11 days.
According to figures from the American Automotive Association, prices have increased by 10.4 cents over the past 12 days. It rose four consecutive days, dropped one-tenth of a cent Monday, and resumed increasing Tuesday.
The average price is 5.5 cents more than one week ago, 1 cent more than one month ago, and $1.712 higher than one year ago. It is 18.4 cents lower than the record high of $6.018 set on March 29.
