Update: Newsom Signs $7.6 Billion Stimulus Package

SACRAMENTO, Calif. (AP) – California Gov. Gavin Newsom has signed a $7.6 billion coronavirus relief package. The new laws will give at least $600 one-time payments to 5.7 million people while setting aside more than $2 billion in grants for struggling small businesses. Newsom signed the law as Congress is debating a much larger stimulus package for the nation. California’s stimulus package will give up to $25,000 grants to small businesses with revenues between $1,000 and $2.5 million. Most people will get the $600 payments by claiming the California earned income tax credit on their state tax returns.

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