Californians could see new stimulus checks, renter assistance under this proposal. Here's who would qualify
A bartender wearing a protective mask mixes a drink inside a bar in San Francisco, California, on Thursday, May 6, 2021.David Paul Morris | Bloomberg | Getty ImagesCalifornians could see an extra financial boost after Gov. Gavin Newsom unveiled a proposal to send new stimulus checks and renter assistance to residents on Monday.The $100 billion comeback plan announced by Newsom, a Democrat, calls for a total of about $12 billion in direct payments to residents and around $5 billion in renter assistance.The plan also includes $2 billion to help state residents pay overdue water and utility bills.More from Personal Finance:Is a $300 unemployment boost holding back jobs? Yes and noGetting these Social Security questions wrong could cost youThere’s one week left to contribute to 2020 IRAsThe proposal from Newsom — who’s facing a recall vote, likely this November — comes as the state posts a record $75.7 billion budget surplus.Under the terms of the plan, 2 out of every 3 Californians would get stimulus checks.Residents with income up to $75,000 would receive $600, according to the proposal.Families with dependents and undocumented families would be eligible for an additional $500.The plan also touts “the largest renter assistance package of any state
