NewsCovering California


California lawmakers propose $100 billion stimulus plan

How to get your stimulus check faster
Posted at 6:51 PM, Jul 27, 2020
and last updated 2020-07-27 21:53:55-04

SACRAMENTO, Calif. (AP) — Democrats who control California’s Legislature are proposing a $100 billion economic stimulus plan that relies on what they are calling future tax vouchers. They also want to speed up other spending during the coronavirus pandemic.

The plan would allow the state treasurer to issue tax vouchers that proponents said could raise billions of dollars. The state would let taxpayers prepay their taxes for a future budget year at a slight discount.

Lawmakers announced their plan Monday as the Legislature begins a five-week sprint to its adjournment after abandoning most of this year’s legislative session for fear of spreading the virus.