Hey, guys, it's Ginny Silver with a California update for
you on Wednesday, October 13 yesterday, the House of Representatives
passed the stopgap measure intended to keep the government
funded through December 3 in a vote of 219 v.
206.
It was Democrats versus Republicans, with no Republicans
voting in favor of increasing the debt ceiling.
Secretary Janet Yellen stated that without an increase to
the debt ceiling, not only with the US default on steps,
but payments to important programs such as Social Security
benefits, disabled veteran benefits, active duty military
pay, and other programs would be stalled.
Next, Social Security recipients will see a five.
9% increase in their monthly payments, effective in 2022.
Increase in cost of living adjustments to Social Security
benefits is the largest increase since 982 comes about due
to the high level of inflation incurred in 2021.
The amount amount of increase on average for a Social Security
beneficiaries, a monthly payment amount averages out to $92
per month in increase.
Next, the Farm and Food Worker Relief Grant Program is providing
approximately $700 million in Consolidated Appropriations
Act funds to provide grants to state agencies, tribal entities,
and nonprofit organizations with experience in providing
support relief services to farm workers or meet packing workers.
Entities receiving these awards will then distribute relief
payments to frontline farm workers, meet packing workers,
and grocery store workers who incurred expenses preparing
for preventing exposure to and responding to the Covid.
19 Pandemic awards to larger entities will generally range
from $5 million to $50 million, which then would be distributed
to workers.
Next, the Biden administration has announced that the Port
of Los Angeles will now move to 24/7 operations with workers
working around the clock in an attempt to improve the supply
chain problems being experienced under the plan.
The Port of Los Angeles will nearly double its total number
of hours that workers are moving cargo, according to officials.
Workers from the International Long Shore and Warehouse Union
will be filling in the additional hours.
Next.
This Friday is an important deadline for those of you hoping
to claim a Golden State stimulus payment if you are hoping
to claim a $600 Golden State stimulus payment or the $500
additional dependent payment for those of you that claim
dependence on your 2020 taxes, October 15 is the deadline
by which you must have filed your 2020 income taxes unless
you receive SSI, SSP, CalWorks, or Capi and claimed your
Golden State stimulus.
One factoring that round of eligibility for those of you
waiting to receive a Golden State Stimulus two, you must
have filed your income taxes by October 15 in order to qualify,
the Golden State stimulus continues to be paid out in approximately
two week increments, with the last direct deposit wave initiated
on October 5.
That puts the estimate for when the next round of direct
deposits should start around October 19.
Also in Franchise Tax Board has not yet announced a specific
date for the next round of direct deposits but past David
that direct deposits are anticipated to go at approximately
every two weeks until October 31.
For those of you who will be waiting on a paper check, paper
checks continue to be mailed out through January 11.
Next, the California Office of the Small Business Advocate
has announced a new opening of a website portal for small
business owners to get connected with resources and information.
Calo.
Sba.
Ca.
Gov is a dedicated California small business Portal, which
connects California's small business community with critical
resources available through statefunded small Business technical
assistance programs and other state resources.
On this website, small business owners and selfemployed individuals
can access the following information.
Small Business Technical Assistance Centers, which offer
specialized support for no cost or low cost financing information,
including state and federal capital programs and tax Credit
Initiative programs, permits, licenses and Regulations the
Business Learning Center to help business owners navigate
different stages of developing their business.
Okay, you guys, I hope that was helpful.
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Any vote of 219 to 2.
Something on 616 to 36.
Two.
Six.