In response to the current economic challenges, many states are rolling out programs to provide financial relief to their residents. These initiatives, primarily targeting low-income households, aim to alleviate the increasing cost of living by issuing stimulus checks. The specifics of these programs vary by state, but most of them offer around $500, sourced from guaranteed income programs and social assistance initiatives.
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Alaska
Alaska stands out with its unique Alaska Permanent Fund (APF). Established in 1976, the APF is a constitutionally mandated permanent fund managed by the Alaska Permanent Fund Corporation (APFC).
The fund’s dividends come from the Trans-Alaska Pipeline System and other state-specific revenue streams.
In 2024, residents will receive up to $1,312 from the 2023 distribution. Applications for the 2023 Permanent Fund Dividend (PFD) remain open until the end of the year.
Those with an “Eligible-Not Paid” status as of July 10, 2024, will receive their payment on July 18, 2024, with the system continuing until all eligible residents have applied.
California
In California, several municipalities have initiated programs to support residents in coping with high living costs. Fresno County, for instance, is launching a Guaranteed Income program for 150 residents, who will receive $500 monthly payments for 12 months starting on July 15. Similarly, the city of Pomona has a running program, with more expected to launch soon.
Michigan
Ann Arbor, Michigan, takes a different approach with its stimulus checks. About 100 entrepreneurs will receive $528 in July as part of a Guaranteed Income program overseen by the Poverty Solutions team at the University of Michigan. This study aims to analyze various outcomes, focusing on individuals with small businesses rather than families.
New York
Rochester, New York, is also addressing high living costs with a guaranteed income program. Selected residents will continue to receive up to $500 monthly payments throughout July. This program spans a total of 12 months.
Texas
The Uplift Harris program in Texas supports over 2,000 families, providing each selected family with $500 monthly payments for 18 months. This initiative aims to offer sustained financial assistance to those in need.
Washington
In Tacoma, Washington, the Growing Resilience in Tacoma (GRIT) project ensures residents continue to receive $500 stimulus checks in July. This program is part of a broader effort to support local households.
While federal stimulus efforts from the pandemic have largely ended, these state-level programs represent a new wave of financial support. By providing monthly payments, these initiatives help Americans manage their living expenses and offer a safety net during challenging economic times.
As states continue to implement and expand these programs, the hope is to provide relief and stability to those who need it most, ensuring that all residents have the means to support themselves and their families.
FAQs
Who benefits from the Alaska Permanent Fund?
All eligible Alaska residents can receive dividends from the APF.
How much do Fresno residents receive monthly?
Fresno’s Guaranteed Income program offers $500 monthly.
Who oversees Ann Arbor’s Guaranteed Income program?
The Poverty Solutions team at the University of Michigan oversees it.
How long is Rochester’s guaranteed income program?
The program lasts for 12 months.
How many families does Uplift Harris support?
Uplift Harris supports over 2,000 families.
