California Approves First-ever State Guaranteed Income Program

California Approves First-ever State Guaranteed Income Program

California is poised to create the nation’s first state-funded program making guaranteed-income payments to some categories of residents after lawmakers unanimously passed a bill calling for the monthly checks with no restrictions on how they are spent.

The state House and Senate passed the legislation unanimously on Thursday. It would provide funding for monthly payments of between $500 and $1,000 to “pregnant people” (i.e., pregnant women) and young adults who formerly lived in foster homes. The bill will become law, earmarking $35 million for the program in its first year, when Governor Gavin Newsom signs it as expected, since it […]

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