L.A. To Become Largest U.S. City To Offer Guaranteed Basic Income

L.A. To Become Largest U.S. City To Offer Guaranteed Basic Income

Los Angeles Mayor Eric Garcetti is proposing a program that provides basic income to poor residents.

On Tuesday, L.A. Mayor Eric Garcetti will put forward a proposal to City Council, asking for $24 million in next year’s budget to direct $1,000 monthly payments to 2,000 low-income families. This would make L.A. the largest city in the country to trial this type of program. Additional funds from various council districts and other sources could take that number up to $35 million, according to reports .

Those eligible for the policy would be chosen from the city’s fifteen districts, with the number […]

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