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California State Budget Could Provide Direct Payments Up To $1050
HAIAN, CHINA – JUNE 16, 2022 – A staff member counts US dollar notes at a bank in Haian City, East China’s Jiangsu Province, June 16, 2022. The US Federal Reserve raised its benchmark interest rate by 75 basis points to a range of 1.50% to 1.75% early Wednesday (Beijing time), the biggest increase since 1994. (Photo credit should read CFOTO/Future Publishing via Getty Images)
To help combat the current rate of inflation, state leaders are looking to help with direct payments.
According to KRON, taxpayers who make $75,000 a year would receive $350 while families making up to $150,000 would receive $700 with an additional 350 dollars for any dependents.
People making between $75,000 to $125,000 a year would get $250.
Families making between $150,000 to $250,000 would get up to $750 while individuals making between $125,001 and $250,000 would get $200.
The money could reach your bank accounts as early as late October and as late as the beginning of next year.
While, it’s certainly not a lot of money, it can definitely help with the rising costs of gas, groceries, etc. Do you think that’s enough?
