South Florida Individuals, Cities Benefit From Stimulus Check

The stimulus check will be $1,400 for individuals who make less than $80,000 a year or $2,800 for a couple making less than $150,000.

Video Transcript

LAUREN PASTRANA: Now at 6:00, the check's in the mail. We are talking about the $1,400 stimulus that's part of the coronavirus relief bill President Joe Biden signed into law designed to get America on the road to recovery. Good evening. I'm Lauren Pastrana.

JIM BERRY: And I'm Jim Berry in for [INAUDIBLE] Rodriguez. People can expect direct deposits to start showing up in their bank accounts as soon as this weekend. CBS 4's Ted Scouten reports that for many South Floridians that stimulus money cannot arrive soon enough.

NATALIA CANO: It's like a miracle, really, to a lot of us that this money is, you know, being passed on to us by the government. I find it amazing. I couldn't be more grateful.

TED SCOUTEN: Natalia Cano is looking forward to her stimulus check from the American Rescue Plan. Because of COVID, her hours at work were cut, leading to financial problems.

NATALIA CANO: It was very hard for us for a long time. There was a specific set of times where I couldn't even afford my rent, so I had to move out of the place where I used to live because I just couldn't afford it.

TED SCOUTEN: The stimulus check will be $1,400 for individuals who make less than $80,000 a year or $2,800 for a couple making less than a $150,000.

NATALIA CANO: Oh my gosh, I'm going to be so happy. It'll be a miracle for me, my entire family.

TED SCOUTEN: Money is going to make its way to local governments too. Florida will see more than $17 billion. That includes more than $10 billion to the state, $4 billion to Florida counties, and nearly $1 and 1/2 billion to cities around the state.

KEN RUSSELL: If 2020 was the year of COVID-19, 2021 will be the year of recovery because of the American Rescue Plan.

TED SCOUTEN: Miami is expecting close to $140 million. Mayor Francis Suarez said that money can help a lot of people.

FRANCIS SUAREZ: And now we're going to get the relief that we need to not only-- not only make sure that our budget is shored up, but of course to help the-- you know, the countless people that need food, that need rental assistance, that need mortgage assistance and small business assistance.

DEAN TRANTALIS: What's really important is that it's going to help stimulate the economy.

TED SCOUTEN: Fort Lauderdale Mayor Dean Trantalis expects the city will get just shy of $40 million, hopefully next week. Some of that will likely be used to fill a budget shortfall of less than $10 million. The rest, he said, should go to help people who need it.

DEAN TRANTALIS: We can use it to-- for small business loans, we can use it for rental assistance, and we could also use it to help homeless people, trying to get them out of homelessness.

TED SCOUTEN: The White House says that people can see the stimulus checks in their bank account by as early as this weekend. In Fort Lauderdale, Ted Scouten, CBS 4 News.