universal basic income – Actuarial News

Link: https://reason.com/2021/07/16/california-lawmakers-unanimously-approve-the-states-first-basic-income-program/

Excerpt:

On Thursday, the California legislature unanimously passed a budget trailer bill that will create the state’s first guaranteed income pilot program.
Under the lawmakers’ plan, the state’s Department of Social Services (DSS) will get $35 million to dole out in grants to cities and counties that will then set up local basic income schemes. Grants will be prioritized for programs focusing on “pregnant individuals” and young adults 21 or older who’ve aged out of extended foster care programs.
State Sen. Dave Cortese (D–San Jose) said in a press release Thursday that participants of these pilot programs could end up receiving monthly payments of as much as $1,000 each.

Author(s): CHRISTIAN BRITSCHGI

Publication Date: 16 July 2021

Publication Site: Reason

Link: https://www.governing.com/community/Marin-County-Tries-a-Universal-Basic-Income-Program.html

Excerpt:

Marin County, Calif., supervisors have allocated $400,000 to participate in a universal basic income experiment with the Marin Community Foundation.
The foundation plans to spend $3 million to give $1,000 a month to 125 low-income women for 24 months. To qualify, the women must have a child under the age of 18.
“The ultimate endgame for this demonstration project is to have an example of how cash aid can be really helpful in terms of alleviating poverty, to test the usefulness of this approach to addressing poverty and addressing some of the racial inequities that we know exist in the county and beyond,” Johnathan Logan, a foundation vice president, told the Board of Supervisors before the unanimous vote on Tuesday.

Author(s): RICHARD HALSTEAD, THE MARIN INDEPENDENT

Publication Date: 25 March 2021

Publication Site: Governing

Tag: universal basic income

Marin County Tries a Universal Basic Income Program