A new stimulus check proposal was made in the state of Maine by the governor, which would pay residents checks worth $850.
If the proposal is approved, stimulus checks worth that amount could be sent by June.
How would $850 stimulus payments work?
The payments would come out of the state’s budget surplus.
Taxpayers would see direct payments worth $850.
Paper checks are an option, but the possibility to send them electronically would mean taxpayers would see them much sooner.
The proposal has bi-partisan support as well.
Why direct deposit for stimulus payments in Maine is a big deal
The state of Maine has never used direct deposit in this way.
By switching, taxpayers could see this money much faster.
This may also create logistical issues because of the 800,000 qualifying recipients, only half of them have correct banking information on file.
This possibility is pushing Maine Revenue Services to only consider paper checks.
The budget surplus is worth $822 million, and the original proposal amount was $500.
In addition to stimulus payments, the state’s employment, broadband services, and free community college will be bolstered.
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