Compton launches nation’s largest city-led basic income pilot program – Press Telegram – Long Beach, California

Compton launches nation’s largest city-led basic income pilot program – Press Telegram – Long Beach, California

Long Beach, California 2020-10-19 16:42:24 –

Compton plans to launch the country’s largest city-led basic income pilot program later this year, officials announced on Monday, October 19.

Approximately 800 low-income earners in the city of approximately 95,000 receive regular payments ranging from $ 300 to $ 600 over a two-year period. Payments vary in frequency, but participants are notified in advance of their payment schedule so they can budget accordingly.Known as Compton Pledge, this program is funded entirely by personal donations. The guaranteed income fund has raised more than $ 2.5 million for this initiative so far, but the group hopes […]

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