Millions of Californians will relieve up to $1,050 as a part of a new middle-class tax rebate providing relief to residents grappling with global inflation.
Governor Gavin Newsom, Senate President pro Tempore Toni G. Atkins (D-San Diego), and Assembly Speaker Anthony Rendon (D-Lakewood) released a joint statement on Sunday after reaching an agreement on the framework for the 2022-23 state budget. State lawmakers said the $17 billion inflation relief package to provide 23 million people relief of up to $1,050 with direct payments.
“In the face of growing economic uncertainty, this budget invests in California’s values while further filling the state’s budget reserves and building in triggers for future state spending to ensure budget stability for years to come,” the joint statement reads.
Households making $75,000 for individuals or $150,000 for joint filers would receive $350 per taxpayer, plus an additional $350 if they have at least one dependent. Californians with incomes above $250,000 for an individual or $500,000 for joint filers would not receive a rebate.
“California’s budget addresses the state’s most pressing needs, and prioritizes getting dollars back into the pockets of millions of Californians who are grappling with global inflation and rising prices of everything from gas to groceries,” the joint statement read.
According to the joint statement, this budget is a part of the state’s commitment to transform available resources in the state.
“With these new investments, California will become the first state to achieve universal access to health care coverage. And in the wake of Friday’s stunning Supreme Court decision, the state is reaffirming its commitment to defending reproductive rights, providing more than $200 million in additional funding for reproductive health care services. The state will also be investing in key programs that help California families, from funding for homeownership programs and billions of dollars in additional ongoing funding for education to universal preschool, children’s mental health, and free school meals,” the joint statement reads.
Newsom’s office said that the state is ”doubling down” in its response to the climate crisis by securing additional power-generating capacity for the summer, accelerating a clean future, and expanding its ability to prepare for and respond to severe wildfires.
The Legislature will vote on refunds and a final state budget plan in a series of bills this week.
