Stimulus December 2022: Check If You Are Eligible for $1,500 a month for two years in California?

December 12, 2022 William Johnson Finance 1

Stimulus December 2022 Check If You Are Eligible for $1,500 a month for two years in California
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The Yolo Basic Income Program, or RYOBI received an additional $550,000 to continue helping families; this comes after families receiving aid through CalWORKs, California’s public assistance program, which provides at least one child under the age of six, with this financial help.

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In California, participating families of those enrolled in a basic income program that hands them a monthly payment of up to $1,500 for the past two years will see the money continue to arrive for two more years thanks to additional funding made possible by the Board of Supervisors.

For two years, over 75 households have received a monthly payment between $1,200 and $1,500, with the system electing the participating families for the Yolo Basic Income Program and the selection not being open to the public.

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How did this basic income program gets funded?

This additional funding comes from the American Rescue Plan, while the initial funding came from the cannabis tax revenue in the state.

Davis Enterprise has given light on how the program is being entirely funded:

  • County cannabis revenue: $500,000
  • Yolo County’s Housing Support Program: $667,000
  • Sutter Health Foundation: $250,000
  • Sierra Health Foundation: $230,000
  • California Office of Child Abuse Prevention: $150,000
  • First 5 Yolo: $100,000
  • Kelly, Stuart, and Travis foundations: $41,500

Researchers from the University of California in Davis (UC Davis) will study this pilot program as it is runned to have further information and analyze its outcomes.

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Demystifying the world of finance is my mission. As a finance news writer with 7 years of experience, I've covered everything from breaking market news to in-depth analysis of industry trends. I'm here to keep you informed and empowered in your financial journey.