Newsom: California residents to receive up to $1,050 in stimulus payments

Millions of California residents could receive payments up to $1,050.

California Gov. Gavin Newsom announced on Sunday that he and the state's legislative leaders have agreed on a framework for the 2022-2023 state budget, which includes stimulus payments to help residents deal with rising inflation and gas prices.

"California's budget addresses the state's most pressing needs, and prioritizes getting dollars back into the pockets of millions of Californians who are grappling with global inflation and rising prices of everything from gas to groceries," Newsom said in a press statement on Sunday. "The centerpiece of the agreement, a $17 billion inflation relief package, will offer tax refunds to millions of working Californians. Twenty-three million Californians will benefit from direct payments of up to $1,050."