A Pair of US Cities Launch New Guaranteed Income Programs, Distributing $4 Million in Free Money
Two US cities are implementing guaranteed income pilot programs, offering residents a total of $4 million with no strings attached.
Boulder, Colorado’s Guaranteed Income Pilot Program
Boulder, Colorado is allocating $3 million from its American Rescue Plan Act funds to distribute checks to 200 households as part of its guaranteed income pilot program. To qualify, participants must have an income between 30% and 60% of the median income for Boulder and have been negatively affected by Covid-19 restrictions. The assistance is unconditional and unrestricted, providing $500 per month for two years.
Durham, North Carolina’s Guaranteed Basic Income Program
The Excel program in Durham, North Carolina is expanding its guaranteed basic income program by distributing an additional $1 million. This program provides monthly checks of $600 to qualifying residents, specifically targeting formerly incarcerated individuals. Despite facing criticism from some residents, Durham’s Mayor Pro Tempore Mark-Anthony Middleton believes the program is beneficial for the economy.
Positive Impact on Recipients
Recipients like Tydricka Lewis, who spent over six years in prison and now works as a peer support specialist for the City of Durham, have praised the program for its assistance with day-to-day responsibilities. The guaranteed income programs are partially funded and organized by the Mayors for Guaranteed Income group and are part of a growing trend across the country.
Hot Take: Expanding Access to Financial Support Through Guaranteed Income Programs
The implementation of guaranteed income programs in Boulder and Durham demonstrates a commitment to providing financial support to vulnerable populations. By distributing free money with no conditions or restrictions, these programs aim to alleviate financial burdens caused by factors like the Covid-19 pandemic and incarceration. The positive impact on recipients’ lives is evident, allowing them to meet their basic needs and pursue opportunities for personal and economic growth. As more cities embrace guaranteed income programs, it’s important to continue evaluating their effectiveness and exploring ways to expand access to financial resources for individuals and families in need.
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