The Department of Finance began releasing yesterday $19 million in Pandemic Unemployment Assistance and has started working on the second batch of child tax refunds or rebates.
Speaking at a radio news briefing last Friday, Finance Secretary David DLG Atalig said he is not privy to the different PUA administrative issues that the community usually asks about but, as far as what Finance has done in the last week, they drew down an additional $19 million that would hopefully be released first thing Monday (yesterday).
“…We sent out a test deposit with zero funds just to make sure that the accounts are accurate,” he said.
Atalig said when a person receives zero transaction in their direct deposits, that’s a great thing. “That means that they’re cleared and ready to go. And on Monday morning, when we send out the actual direct deposit, they should be receiving that money in their account the next day or two. And that’s a large batch,” he said.
With respect to the child tax, Atalig said they released the first batch in the amount of $7 million in the middle of last week and they’ve been working on the second batch in the last couple of weeks.
Atalig said they’re expecting a response from Internal Revenue Service as they requested an additional $2.3 million. “Once we receive that, we’ll be sending out those child tax refunds or rebates,” he said.
As for the regular tax refunds, Atalig said they are scheduled to release the tax refunds once several funding sources come in, which they project to happen by the end of the month.