While it is unlikely that a fourth stimulus check would be provided by the federal government, several states have started on their own. Quite a few states have been doing their part by ensuring that the federal stimulus money gets distributed equally to those deemed eligible.
As a major part of the American Rescue Plan, the states have been allotted almost $200 billion as their expenditure for the recovery of the American economy from the COVID-19 pandemic. Several states have their deadline in December to send this money out, with Governors already doling out cash where they feel it is needed the most.
State Stimulus Check Payments
Currently, California is the only state that has delivered its own form of a stimulus check- with its own money. The state budget surplus of the state has been utilized for the purpose- due to the unique tax system of the state. California seems to have a progressive income tax schedule- which implies that the more money you make- the more money you would pay in taxes.
This budget has allowed for residents to be paid around $500 to $600 when they have an annual earning of $30,0000 -$75,0000.
Colorado has also sent out a stimulus check worth $375, which has been received by those individuals who have been issued at least one unemployment payment between March 15, and October 12, 2020.
Workers of a higher income have not been considered eligible for this. Maryland had previously passed legislation quite a few months ago which aimed at repealing every state as well as local taxes on unemployment benefits while putting forth stimulus payments of $500 for families.
The stimulus check program of New Mexico has been set at $5 million- which would be distributed to New Mexicans that weren’t considered eligible for the federal stimulus packages.
