STATE UNVEILS NEW COMEBACK PLAN, STIMULUS CHECKS COMING

California’s Governor Gavin Newsom announced Monday, May 10 he will expand the state’s economic stimulus program to middle income families, which means the Golden State Stimulus now provides at least $600 to two-thirds of Californians. He also announced that California has a $75.7 billion budget surplus. “California is not only back, it is roaring back,” Newsom said during a news conference at Unity Council in Oakland. Newsom was in the Bay Area to unveil a $100 billion comprehensive economic recovery plan, dubbed the California Comeback Plan, as the state continues to emerge out of the strains of the COVID-19 pandemic. Newsom outlined his economic plan for how tens of billions of dollars in federal aid will be allocated. The Golden State Stimulus, which also will provide an additional $500 to families with children, is a part of that plan. In the employment arena, Newsom indicated the state added 275,000 jobs over the past two months.