Maine Governor Janet Mills desires to provide "relief checks to Maine citizens up to $850 in the face of record-high inflation and rising oil and gas prices. On April 20, a $1.2 billion additional spending plan was signed into law.
"Through hard work and good faith negotiation, Democrats, Republicans, and independents can once again come around each other to do what is good for Maine people," Mills said after the bill was passed.
States are responding to decades of high inflation by enacting a variety of measures to aid cash-strapped residents, such as sending fuel debit cards and implementing tax credits.
Inflation has risen by 8% in the last year, putting pressure on household expenditures across the country. Gas prices are relatively high, averaging over $4.20 per gallon.
With several states still sitting on surplus funds from the COVID-19 federal aid packages, at least a dozen governors, respectively Democrats, and Republicans, have announced plans to mitigate the effects of inflation on their citizens. Several states have agreed to provide additional financial assistance. Local benefits, However, not everyone will be eligible for local benefits.
In Maine, who will be eligible for stimulus checks in June?
According to estimates, about 850,000 Maine residents will receive checks, with individual taxpayers earning up to $100,000 being eligible.
If you are the head of household, the figure rises to $150,000, or $200,000 if you file jointly.
States distributing stimulus funds
Indiana: Indiana lawmakers approved a plan to give everyone who filed their taxes in 2021 a $125 tax refund.
New Mexico: Single filers with a revenue of $75,000 will receive $250. Plus $500 for filing jointly with a combined income of $150,000.
Connecticut: Gas taxes have been suspended until June 30, 2022.
Maryland: suspended its gas taxes until April 18, 2022.
New York: The Excluded Workers Fund received over $2 billion in funding from the city of New York.
Undocumented workers who were unable to collect previous federal stimulus checks will benefit from the approved plan.
Idaho: Idaho residents will receive a $75 tax refund for each taxpayer and dependent.
Georgia: residents who filed tax returns in 2021 and 2020 will receive additional tax credits.
New Jersey: Governor Phil Murphy signed a budget bill that will provide nearly 1 million families with a one-time payment of up to $500.
Several states, from Colorado to Georgia to South Carolina, have proposed cutting state income tax rates in response to state budget surpluses, though this is not a direct response to rising inflation.
