Business owners respond to $ 100 billion in stimulus money set aside in state budget – NBC 7 San Diego

California Governor Gavin Newsom on Tuesday signed a budget of $ 262.6 billion. The budget represents an agreement between Newsom and the state’s two main legislative leaders, all Democrats.

The budget sets aside $ 100 billion for various forms of pandemic relief, and some will land in the pockets of eligible San Diego’s in the form of stimulus checks, small business grants and rent relief.

Here is an overview of the budget:

Cash for businesses and most taxpayers

The budget includes $ 8.1 billion in rebates for most taxpayers. The amount depends on income, children and how taxes were filed.

Adults with children who earn $ 30,000 per year or less will receive $ 500. This is in addition to the $ 600 checks they received earlier this year, for a total of $ 1,100.

Bryan v. – north park

“I work as two jobs, I have like a day off and even then I earn barley in rent so that would definitely help me a lot, for sure,” said Bryan C of North Park.

Adults who earn between $ 30,000 and $ 75,000 will receive $ 600 if they have no children and $ 1,100 if they do.

People who file their taxes using a tax identification number – mostly immigrants – get more. Adults with children earning $ 30,000 or less will receive $ 1,000. Adults with children who earn between $ 30,000 and $ 75,000 will receive $ 1,000. Immigrants who are not citizens receive more money because they have been excluded from federal pandemic relief checks.

The budget also includes $ 1.5 billion in grants for small businesses affected by the pandemic – money they do not have to pay back.

“Honestly, any amount of money helps right now,” said Nick Apostolopoulos, owner of 619 Spirits in North Park.

He has spent half of his time in business battling the pandemic, but he considers himself “lucky”.

“Take a tour of North Park and a lot of places are closed or rebuilt from scratch,” he said.

Apostolopoulos has asked for all types of relief available, and now he is preparing to ask for public funds.

“It gives us more cushion. It saves us a bit more time for business to reach 100%,” he said.

So far, around 200,000 companies have received funding, and now another 150,000 are still hoping to benefit.

Universal kindergarten 4 years

The budget provides continued funding to expand the state’s two-year kindergarten program to include all four-year-olds free of charge. The program would be gradually extended to everyone by the 2025-2026 school year, at a cost of $ 2.7 billion per year. Currently, around 91,000 4-year-olds are enrolled in “transition kindergarten”. This proposal would bring that figure to about 250,000 children.

Money for homeless services

The spending plan commits $ 12 billion to homeless assistance programs over the next two years. This includes $ 1 billion for local governments – a rare multi-year commitment by the state to fund local homelessness programs.

Eliminate cuts in the event of a pandemic

Last year, lawmakers passed a number of spending cuts because they believed they faced a $ 54.3 billion budget deficit caused by the pandemic. This shortfall never happened. This budget reinstates those cuts. Most government employees will have their wages restored, plus increases. The justice system, public schools, and public colleges and universities are all seeing their funding restored.

Medicaid extension

The budget would pay for health care costs for low-income immigrants aged 50 and over living illegally in the country by making them eligible for Medicaid. It would ultimately cost $ 1.3 billion per year when fully implemented. The budget also eliminates a rule that makes more people 65 and over eligible for Medicaid.

Money for more students

The budget includes $ 155 million to make more people eligible for Cal grants – money to help students pay for college that they don’t have to pay back. This money will help older students who have been out of high school longer to qualify for these scholarships.

More State Students at California Colleges

The budget demands that three of the state’s most popular public universities admit more students into the state. As part of the plan, UCLA, UC Berkeley, and UC San Diego would replace 900 international students with California students each year. Foreign students pay more in tuition, so the state would pay these schools $ 184 million over the next three years.

FREE SCHOOL LUNCH

The budget includes $ 54 million this year and $ 650 million in the coming years to pay for free breakfast and lunch for all public school students.

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