California to Use Federal Money to Pay All Back Rent for Low-Income Residents
Joel B. Pollak 22 Jun 2021
The State of California will use federal “COVID relief” money to pay all of the back rent owed to landlords by qualifying residents during the coronavirus pandemic — plus electricity and water bills that may have gone unpaid.
The state enjoys a $75.7 billion budget surplus — before counting the $26.6 billion it has received from the federal government.
President Joe Biden signed a $1.9 trillion relief bill earlier this year, ostensibly because states like California needed help — but the state is awash in cash, thanks to an economic recovery that began under President Donald Trump and earlier relief bills.
California still has the highest debt of any state, with roughly $363 billion in estimated liabilities in 2019, according to Forbes.
Still, Governor Gavin Newsom, facing a recall election, has promised more stimulus checks of $600 for two-thirds of Californians, and the state legislature is about to provide even more money.
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https://www.breitbart.com/economy/2021/06/22/california-to-use-federal-money-to-pay-all-back-rent-for-low-income-residents/