CALIFORNIA COULD GET $150B FROM FEDERAL VIRUS RELIEF BILL
Techlife News|Techlife News #489
In January, state lawmakers agreed to use $2.6 billion in prior federal relief funding to pay off up to 80% of some tenant's unpaid rent. Ting said he’d like the state to also help pay off-unpaid commercial rents to prevent small business evictions.
CALIFORNIA COULD GET $150B FROM FEDERAL VIRUS RELIEF BILL

The massive COVID-19 relief bill Congress approved Wednesday will pump more than $150 billion into California’s economy, Gov. Gavin Newsom’s administration said Wednesday, including a $26 billion windfall for the state’s already burgeoning budget surplus.

Nearly half of the money will go to Californians directly in the form of $1,400 checks and expanded unemployment benefits.

Another $15.9 billion will go to public and private schools while $3.6 billion will boost the state’s vaccination, testing and contact tracing efforts. There’s also money for public transit agencies, airports and child care.

About $16 billion will go to local governments and will be split between cities and counties. And $26 billion will go directly to state government for services impacted by the pandemic.

Toni Atkins, Democratic president pro tempore of the California Senate, called it the state’s “fair share.”

“California has been a ‘donor state’ for decades, paying more to the federal government than we receive in federal services and investments,” Atkins said. “We’re fortunate that our budget is healthy and balanced, but it’s because we prioritized responsible fiscal planning.”

This story is from the Techlife News #489 edition of Techlife News.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the Techlife News #489 edition of Techlife News.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM TECHLIFE NEWSView All
Apple Set to Unveil New iPads at
Techlife News

Apple Set to Unveil New iPads at

Apple Inc. has officially announced its upcoming “Let Loose” event scheduled for May 7, signaling a significant showcase of new hardware, specifically focusing on the iPad line.

time-read
1 min  |
April 27, 2024
META UNDER FIRE FROM EUROPEAN UNION FOR NOT DOING ENOUGH ABOUT ELECTION DISINFORMATION
Techlife News

META UNDER FIRE FROM EUROPEAN UNION FOR NOT DOING ENOUGH ABOUT ELECTION DISINFORMATION

The European Union said this week that it’s investigating Facebook and Instagram for suspected violations of the bloc’s digital rulebook, including not doing enough to protect users from foreign disinformation ahead of EU-wide elections.

time-read
2 mins  |
May 04, 2024
SCAMMERS STOLE MORE THAN $3.4 BILLION FROM OLDER AMERICANS LAST YEAR, AN FBI REPORT SAYS
Techlife News

SCAMMERS STOLE MORE THAN $3.4 BILLION FROM OLDER AMERICANS LAST YEAR, AN FBI REPORT SAYS

Scammers stole more than $3.4 billion from older Americans last year, according to an FBI report released this week that shows a rise in losses through increasingly sophisticated criminal tactics to trick the vulnerable into giving up their life savings.

time-read
2 mins  |
May 04, 2024
THE TIKTOK LAW KICKS OFF A NEW SHOWDOWN BETWEEN BEIJING AND WASHINGTON.WHAT'S COMING NEXT?
Techlife News

THE TIKTOK LAW KICKS OFF A NEW SHOWDOWN BETWEEN BEIJING AND WASHINGTON.WHAT'S COMING NEXT?

TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company, a move almost certainly backed by Chinese authorities as the bitter U.S.China rivalry threatens the future of a wildly popular way for young people in America to connect online.

time-read
4 mins  |
May 04, 2024
LAWMAKERS AND ADVOCATES MAKE LAST-DITCH PUSH TO EXTEND AFFORDABLE INTERNET SUBSIDY
Techlife News

LAWMAKERS AND ADVOCATES MAKE LAST-DITCH PUSH TO EXTEND AFFORDABLE INTERNET SUBSIDY

Twenty-three million families in the U.S. will have bigger internet bills starting in May. That’s because a federal broadband subsidy program they’re enrolled in is nearly out of money.

time-read
1 min  |
May 04, 2024
SAMSUNG REPORTS A 10-FOLD INCREASE IN PROFIT AS AI DRIVES REBOUND IN MEMORY CHIP MARKETS
Techlife News

SAMSUNG REPORTS A 10-FOLD INCREASE IN PROFIT AS AI DRIVES REBOUND IN MEMORY CHIP MARKETS

Samsung Electronics reported this week a 10fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips.

time-read
1 min  |
May 04, 2024
ELIMINATION OF TESLA'S CHARGING DEPARTMENT RAISES WORRIES AS EVS FROM OTHER AUTOMAKERS JOIN NETWORK
Techlife News

ELIMINATION OF TESLA'S CHARGING DEPARTMENT RAISES WORRIES AS EVS FROM OTHER AUTOMAKERS JOIN NETWORK

Elon Musk’s move to lay off the department responsible for Tesla’s electric vehicle chargers has touched off worries in the auto industry that EVs from other automakers will have trouble joining Tesla’s network.

time-read
2 mins  |
May 04, 2024
AMAZON REPORTS STRONG 1Q RESULTS DRIVEN BY ITS CLOUD-COMPUTING UNIT AND PRIME VIDEO AD DOLLARS
Techlife News

AMAZON REPORTS STRONG 1Q RESULTS DRIVEN BY ITS CLOUD-COMPUTING UNIT AND PRIME VIDEO AD DOLLARS

Amazon reported this week strong results for the first quarter, driven by growth in its cloud computing unit and new advertising dollars from its Prime Video streaming service.

time-read
2 mins  |
May 04, 2024
FCC FINES WIRELESS CARRIERS FOR SHARING USER LOCATIONS WITHOUT CONSENT
Techlife News

FCC FINES WIRELESS CARRIERS FOR SHARING USER LOCATIONS WITHOUT CONSENT

The Federal Communications Commission has leveraged nearly $200 million in fines against wireless carriers AT&T, Sprint, T-Mobile and Verizon for illegally sharing customers' location data without their consent.

time-read
1 min  |
May 04, 2024
JOURNALISTS CRITICAL OF THEIR OWN COMPANIES CAUSE HEADACHES FOR NEWS ORGANIZATIONS
Techlife News

JOURNALISTS CRITICAL OF THEIR OWN COMPANIES CAUSE HEADACHES FOR NEWS ORGANIZATIONS

This spring, NBC News, The New York Times and National Public Radio have each dealt with turmoil for essentially the same reason: journalists taking the critical gaze they deploy to cover the world and turning it inward at their own employers.

time-read
4 mins  |
May 04, 2024