Home California Governor Newsome Announces Agreement for Inflation Relief and High Gas Prices

Governor Newsome Announces Agreement for Inflation Relief and High Gas Prices

Press Release

by ECT

SACRAMENTO – Governor Gavin Newsom, Senate President pro Tempore Toni G. Atkins (D-San Diego) and Assembly Speaker Anthony Rendon (D-Lakewood) today issued the following statement after reaching an agreement on the framework for the 2022-23 state budget:

“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 centerpiece of the agreement, a $17 billion inflation relief package, will offer tax refunds to millions of working Californians. Twenty-three million Californians will benefit from direct payments of up to $1,050. The package will also include a suspension of the state sales tax on diesel, and additional funds to help people pay their rent and utility bills.

“In addition, California is doubling down in our response to the climate crisis – securing additional power-generating capacity for the summer, accelerating our clean energy future, expanding our ability to prepare for and respond to severe wildfires, extreme heat, and the continuing drought conditions that lie ahead.

“This budget builds on our unprecedented commitment to transform the resources available in our state, from a $47 billion multi-year infrastructure and transportation package to education and health care, showing the nation what a true pro-life agenda looks like. 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.

“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.”

Editors Note:

According to Politico:

According to an email outlining the tentative plan, Californians making less than $75,000 will get $350, which doubles to $700 for joint filers making a combined $150,000 or less. Taxpayers in that tier would get an additional $350 if they have any dependents. The maximum payout would be $1,050.

Those making $125,000 or $250,000 jointly will receive $250 or $500 combined, with an extra $250 for dependents. The payments would be capped at $750.

The final tier would include $200 for taxpayers making up to $250,000 alone, or $500,000 jointly, with an extra $200 if they have dependents. This group of high earners would not have received payouts under the Legislature’s earlier proposals.

The proposal was confirmed by Assemblymember Miguel Santiago in a Press Release on Friday.

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Frank Jun 27, 2022 - 7:38 am

Just a bandaid and an attempt to buy votes. Fix the problem, open the spickit and refine more. Just like water, no new reservoirs but twice the population since the mid 70’s. Just saying.

MEV Jun 30, 2022 - 5:02 pm

Agree with your post. Also, I read Newsom sitting on 4 water projects. Why hasn’t Newsom started even one of the four water projects now sitting on his desk? CA has been in drought entire time Newsom has been in office. Newsom is only allowing CA farmers 23% of their normal water allowance to grow food. Everything is so expensive and still going up. Don’t think rebate is a good long term solution. USA Energy Independence is what we need to combat inflation.

What a JOKE Jun 28, 2022 - 3:50 pm

What a Joke, incomes of 250,000 to 500,000 getting a rebate.

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