Proposal would have taxpayers fund statewide, $1,000 monthly ‘guaranteed income’

Proposal would have taxpayers fund statewide, $1,000 monthly ‘guaranteed income’

(The Center Square) – A measure creating a task force to look into monthly guaranteed taxpayer-funded “unrestricted cash” subsidies to certain individuals in Illinois is being discussed in the state legislature.

An Illinois Senate appropriations committee Wednesday heard about Senate Bill 3462 from state Sen. Ram Villivalam, D-Chicago.

The bill as filed would create the Illinois Guaranteed Income Law and establish a board within the Department of Human Services to evaluate the efficacy of the program, propose statewide policies and provide oversight. The board would review “the landscape of cash supports available to low-income residents” and identify “populations without significant access […]

Mona Hanna-Attisha was one of the people who exposed the lead water crisis in Flint, Mich., about a decade ago.

MONA HANNA-ATTISHA: I respect the science of what lead does. I understand it’s a potent, irreversible neurotoxin. And I also understand that lead’s a form of environmental racism.

CHANG: Dr. Mona, as she is known, is a pediatrician by trade. So here was the first thing on her mind when she learned about the lead in Flint’s water.(SOUNDBITE OF ARCHIVED NPR BROADCAST)HANNA-ATTISHA: That’s the last thing our kids in Flint needed. That’s the moment I stopped sleeping. I stopped eating.RACHEL MARTIN: […]

Capitol Briefs: Advocates push for guaranteed income, child care assistance

Capitol Briefs: Advocates push for guaranteed income, child care assistance

Illinois Supreme Court graphic. (Capitol News Illinois) Wednesday, March 27, 2024 Illinois Supreme Court agrees to hear case of Jussie Smollett

& DILPREET RAJU
Capitol News Illinois
news@capitolnewsillinois.comThe Illinois Supreme Court on Wednesday agreed to hear the case of actor Jussie Smollett, who was convicted for staging a hate crime against him in 2019 in a case that drew criticism for Cook County’s top prosecutor.Smollett made what turned out to be a false police report alleging that he’d been violently attacked by two men in downtown Chicago. The men punched him and allegedly yelled homophobic slurs, put a […]

State begins talks about guaranteed $1,000 income for Illinois residents

State begins talks about guaranteed $1,000 income for Illinois residents

Illinois lawmakers just introduced a bill to possibly provide an extra $1,000 to residents. SPRINGFIELD (25News Now) – Illinois state lawmakers are deliberating a bill that could position the state as one of the first in the nation to provide its residents with a guaranteed income, aiming to alleviate the cost of living pressures.

This proposal comes amid growing concerns over the affordability of essential goods, including diapers, which have been highlighted as a critical need for parents wanting to enroll their children in daycare.

Notably, diapers are among the most stolen items from grocery stores, and public aid does not […]

Research on Cambridge’s guaranteed income pilot shows tangible benefits for cash recipients.

Research on Cambridge’s guaranteed income pilot shows tangible benefits for cash recipients.

Cambridge guaranteed income pilot shows improved financial health, higher employment, better educational outcomes for children

Parents, caregivers, and children see tangible benefits with $500 monthly guaranteed income

Cambridge, MA | March 27, 2024 – Today, the Cambridge Community Foundation, Councillor and former Mayor Sumbul Siddiqui, Community Economic Opportunity Committee (CEOC), Mayors for Guaranteed Income, and a wide range of project partners welcome the release of independent data on the Cambridge RISE Guaranteed Income Pilot. The report from the Center for Guaranteed Income Research at Penn’s School of Social Policy & Practice showcases significant improvements in financial health, […]

Cambridge’s guaranteed income program increased employment and financial health, a report says

Cambridge's guaranteed income program increased employment and financial health, a report says

CAMBRIDGE — Giving money directly to low-income families in Cambridge has paid off in more ways than one, researchers say.

Results of the Cambridge RISE pilot programA guaranteed income The initiative, which gave $500 a month to 130 families in the city for 18 months, was released Wednesday. They show “significant improvements in financial health, higher employment rates, more time and space for parenting, and improved educational outcomes for children,” according to the Cambridge Community Foundation. Results of the Cambridge Guaranteed Income Pilot Project

The researchers said that after one year, the employment rate of those who received payments rose […]

Guaranteed income program in Cambridge boosted employment and financial health, report finds

Guaranteed income program in Cambridge boosted employment and financial health, report finds

CAMBRIDGE – Giving money directly to low-income families in Cambridge paid off in more ways than one, researchers say.

Results of the Cambridge RISE pilot program , a guaranteed income initiative which gave 130 families in the city $500 a month for 18 months, were released on Wednesday. They show "significant improvements in financial health, higher rates of employment, increased time and space for parenting, and improved educational outcomes for children," according to the Cambridge Community Foundation. Findings from Cambridge guaranteed income pilot

Those receiving payments increased their employment rate from 36% to 40% after a year, the researchers said. […]

Legislator wants taxpayers to fund statewide, $1,000 monthly ‘guaranteed income’

Legislator wants taxpayers to fund statewide, $1,000 monthly ‘guaranteed income’

(The Center Square) – A measure that would give $1,000 in monthly guaranteed taxpayer-funded “unrestricted cash” subsidies to certain individuals in Illinois, regardless of immigration status, is being debated in the state legislature.

An Illinois Senate appropriations committee Wednesday heard about Senate Bill 3462 from state Sen. Ram Villivalam, D-Chicago. He couldn’t say how much his plan would cost taxpayers.

“Those are conversations we would like to have with the members of the committee and our colleagues to see what would be appropriate to start this off at the state level,” Villivalam told the committee.Mike Buehler, who is the McHenry County […]

Empower to Launch Startup 401(k) Plan Solution

Empower to Launch Startup 401(k) Plan Solution

Empower announced Wednesday a new push into startup 401(k) plans with a digital 401(k) solution for plan sponsors.

Set to launch in mid-2024, the 401(k) plan will give advisers and third-party administrators a new way to set up an employer retirement plan with “reduced complexity and cost while streamlining administrative duties,” according to the company. The program, Ready Select, is designed for small and startup plans with up to $1 million in assets.

The platform includes investment advisory services through a third-party ERISA fiduciary and is designed to create an “on-demand proposal and complete plan setup,” giving a plan sponsor “financial […]

Denver Basic Income Project Is Booming

Denver Basic Income Project Is Booming

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The Denver Basic Income Project is the first major effort in the US to study the impact of providing guaranteed income to individuals who are unhoused, as a means of accelerating the path toward stability. I founded and seeded this initiative with $500,000 in Tesla gains. We have already raised an additional $3.3M on top of this to provide unconditional basic income to our unhoused neighbors in Denver, accompanied by a rigorous RCT (Randomized Control Trial) run by DU’s Center for Housing […]