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Florida sending 'inflation relief' stimulus checks to families: What to know
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Some Florida families are set to receive a one-time stimulus payment in order to help offset the impact of searing-hot inflation, which surged to another 40-year high in June.
Gov. Ron DeSantis, a Republican, announced Thursday that his administration is sending checks worth up to $450 per child to lower-income families in the state. An estimated 59,000 families will qualify for the money. Florida is paying for the initiative by reallocating $35.5 million that it received from President Biden's signature COVID-19 relief package, the American Rescue Plan.
Eligible recipients include foster parents, relative and nonrelative caregivers and families receiving funds from the Florida Temporary Assistance for Needy Families program or Guardianship Assistance program, according to a statement from the Florida Department of Children and Families.
Officials expect the money to arrive between July 25 and Aug. 7, which is before Florida's "back-to-school" sales-tax holiday.
AMERICANS' INFLATION EXPECTATIONS HIT A FRESH 11-YEAR HIGH IN JUNE, NEW YORK FED SAYS
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