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Latest stimulus update; Which countries will pay additional stimulus money in October 2024?

by Nebojsa Vujinovic
December 31, 2021
in News
stimulus update

Despite Washington’s inaction to call for additional economic controls, some states have begun sending pandemic financial aid to residents.

According to the latest stimulus update, democrats in the US Congress are fighting to get their next legislative priorities in both houses based on President Biden’s Image Back Better plan. One is the group of “hard” infrastructure proposals that the president presented in his campaign. The other is a much more ambitious package of measures to rethink America’s social safety net and address climate change.

None of the bills contain another round of economic controls like the ones that the three Congresses have already approved for families still facing the economic damage that the Covid19 pandemic continues to put in their way.

States send incentives 

Despite ongoing calls from some Washington lawmakers and online petitions to Congress to pass more economic controls, enthusiasm for this specific measure has waned. However, some states have already passed economic controls and new lots are expected to be released in October, including those that were not eligible for federal payments. Here’s a rundown of where government-level economic checks will be paid in October.

California: Golden State Stimulus 

Due to a larger-than-expected budget surplus and a quirk in state tax law, California approved the second round of Golden State stimulus this summer for about two-thirds of its residents. Previously, the state had approved an initial round targeting undocumented workers in the state who did not receive federal stimulus checks and low-income residents. The program now entitles all residents who earn less than $75,000 to a one-time payment.

The California Franchise Tax Board began sending payments of up to $1,100 to Californians in September. The last batch of direct deposit payments is due October 5 and the first batch of paper checks the next day. In total, the state will transfer around 9 million payments, which should continue until the end of October.

New York: Excluded Workers Fund of US $2.1 billion 

New York, meanwhile, has an Excluded Workers Fund of US $2.1 billion, assured in the latest stimulus checks update, that can be claimed by people who have not been eligible for unemployment benefits, including undocumented workers.

New York residents must have an income of less than $26,208 in 2020 to be eligible for payment. In addition, local New York City artists will receive help in the form of a check for $5,000 in October.

Tennessee: $1,000/$500 checks for teachers 

In a recent stimulus update, Tennessee pays a bonus of $1,000 to full-time teachers and $500 to those who work part-time. The bill was approved on June 30 and beneficiaries will receive payments before the end of the year. However, the one-time payments replace a 2% salary increase that many educators expected.

Alaska 

Last but not least, although they are not really stimulus controls, those who have been unemployed in Alaska for an extended period may see some extra money, seen in the stimulus check update. Alaska residents are eligible for additional payments for 13-20 weeks through the Federal-State Extended Benefits program. The amount of money and the requirements to qualify for payouts remain uncertain as it depends on the amount of the pot available after part of it has been claimed for other purposes.

Also, this is not the only check available to Alaskans, they could receive the Annual Oil Prosperity Checks in October, an investment of which 25% of the annual oil money goes to the Alaska Permanent Fund, a special purpose fund for future generations.

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Tags: stimulus update
Nebojsa Vujinovic

Nebojsa Vujinovic

Hi, my name is Nebojša, and I've been involved in digital marketing for over 15 years. I've written for various websites, covering a wide range of topics. I'm particularly interested in subjects like technology, gaming, app development, and I also have a passion for automobiles. Additionally, I work on SEO optimization. In my free time, I enjoy reading, walking, traveling and spending time with my wife and daughter.

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