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California residents may see new stimulus checks, renter assistance

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A bartender and patron at a San Francisco bar on May 6, 2021.

David Paul Morris | Bloomberg | Getty Images

Californians could see an extra financial boost after Gov. Gavin Newsom unveiled a proposal to send new stimulus checks and renter assistance to residents on Monday.

The $100 billion comeback plan announced by Newsom, a Democrat, calls for a total of about $12 billion in direct payments to residents and around $5 billion in renter assistance.

The plan also includes $2 billion to help state residents pay overdue water and utility bills.

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Source cnbc.com

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