COLORADO SPRINGS — The Colorado Department of Labor and Employment announced it would make one-time stimulus payments in the amount of $375 to Coloradans struggling due to the COVID-19 pandemic.
Governor Jared Polis issued the executive order on Wednesday.
Most unemployed insurance (UI) claimants will be eligible to receive that money, but not all.
Coloradans who were eligible to receive between $25 and $500 in weekly unemployment insurance benefits — including Pandemic Unemployment Assistance (PUA), Pandemic Emergency Unemployment Compensation (PEUC), and other programs — between March 15, 2020 and October 24, 2020, are eligible to receive the one-time payment.
The Colorado Department of Labor and Employment said they expect the population of qualifying Coloradoans to include approximately 435,000 workers making less than $52,0000 per year. CDLE stated these much needed direct payments to reach 65% of all unemployment claimants since March 15th, with a distribution across all 64 Colorado counties.
“Washington D.C has failed to act to provide additional direct cash support for hardworking Coloradans and to further stimulate the economy, so today Colorado is boldy doing our part to help our own. I am taking swift action in close consultation with legislative leadership and members of the JBC to direct immediate payments to people whose lives and jobs have been hurt due to the COVID-19 pandemic,” said Gov. Polis. “Colorado can and should act now to help the hardworking people who will help lead us out of this challenging time and that’s what we’re doing today.”
The Department estimates approximately 435,000 people will be eligible and each one will receive an email or call from the Department. However, claimants are encouraged to log in to their benefits accounts and ensure that their address is up-to-date and their selected payment method is correct.
According to the department, claimants should receive their payment the first week of December.
“Mountain towns and rural Coloradans got hit hard by the pandemic and continue to face day-to-day challenges making ends meet,” said Senator Kerry Donovan. “This direct payment may help a family make rent or ensure that the holidays are a little brighter, but it isn’t the end of our work. We will continue to fight for a full economic recovery while filling in the immediate gaps as we support each other through these tough times.”
According to a press release sent out by the Governor’s office: the Executive Order will make available $168 million from the following funds: $148.9 million in anticipated reversions to the General Fund from the Medical Services Premium line due to lower than estimated growth in Medicaid enrollment and an extension of federal matching funds; $13.8 million in existing funds in the Disaster Emergency Fund; $5.3 million from the Controlled Maintenance Trust Fund. After these transfers, the State Emergency Reserve will have a remaining designated balance of approximately $150M.
“Our mountain communities bore the initial economic and public health blow from this pandemic, and families are in serious need of relief. It’s not their fault Congress couldn’t reach a deal while they continue to struggle, so I am thrilled we can offer much-needed assistance to those who need it most,” said JBC member Julie McCluskie.