The City of St. Paul is expanding its guaranteed basic income experiment, giving monthly checks to more families while also making deposits into some of their children’s college savings accounts.
With the city council’s support, Mayor Melvin Carter launched the People’s Prosperity Guaranteed Income Pilot in November 2020, spending $300,000 in federal coronavirus relief grants and $1.2 million from donors.
That provided $500 a month for 18 months to 150 low-income families with no strings attached.Carter announced Wednesday that the next phase, which he’s calling CollegeBound Boost, will send money to two groups: 333 families will get $1,000 added to each […]
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