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Almost half a MILLION people will be sent one-time cash payment of $375 to help cope with pandemic

CASHING IN

AS negotiations for a new stimulus package appear to be deadlocked – the state of Colorado are taking action by handing out a one-time $375 package to their residents.

On Wednesday, Gov. Jared Polis announced the state will be giving out a one-time $375 payment to about 435,000 Coloradans who are struggling financially due to the coronavirus pandemic.

In a news release, Polis said the payments will be distributed in early December to “qualifying individuals… whose lives and jobs have been hurt due to the COVID-19 pandemic.”

The governor signed an executive order Wednesday, directing the Colorado Department of Labor Employment (CDLE) to make the payments.

The CDLE estimates those who receive who will receive the help will include around 435,000 Coloradans making less than $52,000 per year.

The stimulus payment is expected to reach about 65 percent of all the people who filed for unemployment benefits since March 15.

The qualifications for the $375 stimulus payment

Unemployment benefits includes:

According to the CDLE, since mid-March, a total of 581,334 regular unemployment initial claims have been filed and a grand total of 751,602 claims included federal PUA benefits.

“Colorado can and should act now to help the hardworking people who will help lead us out of this challenging time and that’ what we’re doing today,” Polis said.

According to the state, residents who are eligible to receive the payment do not need to take action.

The CDLE will directly contact anyone who is eligible for the one-time payment.

Eligible folks will receive their payment through ReliaCard or their bank accounts.

Claimants are encouraged to log in to their benefits account to make sure their address is up to date.

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