Colorado taxpayers will receive $750 rebates in August, Polis announces

0

Polis said Colorado’s unemployment rate was just 3.5% — slightly below the national average — and the state had regained more jobs than it lost during the pandemic.

“All of this in the face of rising costs, which is why we want to get this money to you as quickly as possible because you know what to do with it better than the government,” the governor said.

Treasurer Dave Young, speaking on Tuesday, pointed to rising inflation, rents and medical bills as the reason for the quick delivery of rebate money. Notably, the money will be delivered before the 2022 election in November.

“We keep hearing from people who are desperately struggling just to make ends meet,” Young said. “More and more families rely on food banks to feed their families.

[Related: Colorado Voices | Fighting Hunger]

Earlier this year, Rocky Mountain PBS talked to the coloradans on how they plan to use the money. One person told us they would put the money on their student loan debt, while others were planning to go on vacation.

Some of the people we spoke to will be delighted that individual flyers get $750 instead of $400.

“It’s better than not having an extra $400, but it doesn’t go far enough,” Thomas Law, a Denver resident and Union Station service worker, said in an April interview. “It’s not much in the grand scheme of things, as an adult in Denver.”


Kyle Cooke is Digital Media Manager at Rocky Mountain PBS. You can reach him at [email protected].


Source link

Share.

Comments are closed.