Chicago and other Illinois cities are offering some of their residents a guaranteed income in a pilot program as they seek to revive the economy even for those hit hard by the pandemic. .
Applications for the Cook County “Promise” pilot program opened Thursday and will grant 3,250 households a monthly payment of $500 per household for two years, according to a statement by county, including Chicago. $42 million program funded by more than 1 million dollar county received from the United States Rescue Plan Act signed by President Joe Biden.
The pilot program is the latest in a growing trend of basic income programs that offer participants monthly payments for a set period of time. The data have shown that majority According to Stanford University’s Basic Income Lab, people who apply for guaranteed income programs are people of color and low-income single parents.
Other programs include the Stockton Economic Empowerment Demonstration, in which 125 families in the California city received $500 a month for 24 months. The program was introduced by then-mayor Michael Tubbs in 2019, and original data displayed program helped recipients weather monthly income swings and secure full-time employment. Since then, other programs have been launched in cities such as Los Angeles, New York and Atlanta. At least 20 programs launched in the last year alone, with a total budget of at least $35 million
Chicago, the third largest city in the United States, never fully recover from a legacy of segregation that has hollowed out parts of the south and west, including the most economically disadvantaged neighborhoods of the city. And the pandemic has only exacerbated these inequalities.
To qualify for the program, a single-member household will need to earn less than $33,975, and a family of four is $69,375. About 36% of households qualify for such a cap, Cook County President Toni Preckwinkle speak. Payments will not be taxed and people can apply regardless of citizenship status. Participants in any other basic income pilot program, such as currently in progress of the city of Chicago, cannot be registered.
The county expects to make its first payments in December, and recipients can use the funds as they see fit. The separate program launched by Chicago began paying for its program in August. Of that, 5,000 households will receive a $500 monthly payment for a year.
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