In an effort to lessen the impact that decades-high inflation is having on household budgets, Florida Governor Ron DeSantis announced last week that low-income families in the state will get checks worth $450 per child.
As rising prices strain household budgets across the nation, Florida joins more than a dozen other states that have enacted some sort of relief initiative. While state-specific stimulus measures differ, they typically involve one-time payments, tax credits, refunds, and gas tax suspensions.
Inflation increased 9.1% in June over the same month last year, continuing a costly pattern that has been hard on households for the past 12 months. Although it seems like drivers are now finding some relief at the pump, the cost of gas, housing, and food has been particularly expensive.
Many states, including Florida, are funding economic stimulus programs using surplus funds from federal COVID-19 aid packages. Residents may wait a few months for the relief because the initiatives are frequently incorporated into state budget plans.
Here is a summary of some of the state's current stimulus initiatives.
Gov. Gavin Newsom said last month that qualified Californians will get relief checks up to $1,050. Payment amounts vary according on income and filing status. If the applicant has at least one dependent, they will receive an additional payment; however, they will not receive an additional payment for each additional dependant. For instance, regardless of whether they have one child or three, a single parent making less than $75,000 would receive $700.
Taxpayers in Colorado will receive one-time rebates totaling $1,500 for joint filers and $750 for single filers. Residents who filed state tax returns can anticipate compensation under the "Colorado Cashback tax rebate" before September 30, 2022.
In May of this year, Delaware started giving each adult resident a $300 relief check. Residents can track their payments here.
A one-time payment of $450 per eligible child will be given to about 60,000 low-income households.
Georgia started giving out one-time relief payments in May, with single taxpayers receiving up to $250, joint filers receiving up to $500, and head of household recipients receiving up to $375.
See tax refund here.
Read the Illinois family relief plan here.
Governor Mills' announcement here.
Rebate checks here.
Additionally, some states have implemented gas tax holidays to lower gas prices, such as Connecticut, Georgia, and Maryland. Although President Joe Biden requested one at the federal level, nothing has come of it.