SAN FRANCISCO (KCBS RADIO) – Relieving some pain at the pump, Gov. Gavin Newsom and California legislators have tentatively agreed on a $9 billion deal to give money back to Californians.
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The preliminary agreement will provide as much as $1,050 to millions of eligible families to help with rising gas prices and inflation, according to a report by CalMatters.
The deal outlines a three-tier program where low and middle-income households are set to receive incrementally more money. Taxpayers who make $75,000 or less would get $350, those making $125,000 or less would receive $250 and those making $250,000 or less would be eligible for a $200 refund.
Californians with a dependent would also receive an additional payment depending on their income level. So a single parent who makes $75,000 or below would receive $700 and two-parent families would receive $1,050.
An email to Democratic senators called the rebate proposal an "agreement," however, a spokesperson for Senate President Pro Tem Toni Atkins cautioned that the deal is still tentative, the newsroom said.
An official vote to kickstart the agreement is expected to take place in the following months.
California gas prices are now at an average of $6.32, with some areas reaching up to $7.29. On July 1, the California gas tax is set to increase three cents per gallon.
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