California Proposes Rebates for Millions with $76B Surplus

Aided by an astonishing nearly $76 billion budget surplus, California Gov. Gavin Newsom proposed tax rebates of up to $1,100 for millions of households and more than $7 billion to help people affected by the pandemic cover rent and utilities.

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Image via Jessica Christian/San Francisco Chronicle via AP

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

SACRAMENTO, Calif. (AP) — Aided by an astonishing nearly $76 billion budget surplus, California Gov. Gavin Newsom on Monday proposed tax rebates of up to $1,100 for millions of households and more than $7 billion to help people affected by the pandemic cover rent and utilities. It was Newsom’s first in a weeklong roll out of pandemic recovery proposals totaling $100 billion, which could boost his political fortunes as he faces a likely recall election…

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