Millions of Americans ‘likely’ to get another round of stimulus checks this year in revised budget proposal

CALIFORNIANS could be getting another round of stimulus checks following a budget proposal in the state.

This comes from Governor Gavin Newsom, who revealed what would be a record budget of $286.4billion for 2022/23.

In addition, the California governor revealed that the state has a surplus of more than $45.7billion, which is significantly higher than the $31billion that the state projected in late 2021.

Under the proposal, Mr Newsom aims to provide funding for several areas including climate change, homelessness, cost of living, healthcare, and education.

Mr Newsom also indicated that there might be another round of stimulus checks coming, although tax rebates were not included in his original proposal. 

“We expect in the May revise language when I update the budget that we are likely to have an additional rebate to the taxpayers,” he said on Wednesday.

And he added that there will be “no new taxes in our budget.”

In 2021, California launched two stimulus programs, which gave an accumulative $12billion back to state taxpayers.

Mr Newsom said in November: “How we framed that historic surplus last year, similarly, we will frame our approach this year.”

Under the latest one known as s Golden State Stimulus II initiative, eligible residents are getting payments worth between $600 and $1,100.

Californians must make less than $75,000 per year and generally have filed 2020 taxes before October 15, 2021.

Earlier this week, California finished sending out its last batch of payments by order of zip code under the latest stimulus program.

However, we reported Thursday that California will be sending out up to 100,000 more payments in the next month.

How many are sent out will depend on a group who did not one but applied for an Individual Taxpayer Identification Number by the October 15 deadline.  

That group will need to file their state returns by February 15 to be eligible for a GSS check.

According to the public affairs office, the state has issued more than 8.2million GSS II payments worth more than $5.9billion.

For more on stimulus, we list three scenarios when you could get a fourth federal round of payments in 2022.

Check out the 12 states and cities offering universal basic income.

Plus, payments worth up to $5,000 can be claimed this month.