California lawmakers are set to announce a $400 rebate proposal amid increasing gas prices. This rebate would be available to every taxpayer in the state.
$9 billion of the state’s budget surplus would fund this gas rebate. The rebate would also go to taxpayers who don’t own or drive a car.
California Governor, Gavin Newsom, made the initial announcement last week that he was planning to offer Californians a direct rebate to address the high gas prices. On Wednesday, the proposal was set to be released.
Newsom did not announce specifics but said that he would work with legislative leaders to “put money back in the pockets of Californians.” Officials said the rebate could happen as soon as this spring.
Earlier this month, California average gas prices hit a new record when they surpassed $5 a gallon.
