Chicago and Cook County governments each plan to give away $500 monthly to low-income residents with no strings attached. In its current form, this well-intentioned public policy, funded by our taxpayer dollars, is actually inequitable, lacks necessary accountability mechanisms for sustainability and is ultimately counterproductive to our local economies.
Chicago’s Resilient Communities Pilot will award $500 in cash assistance each month for one year to 5,000 low-income city residents, and Cook County’s Promise Guaranteed Income Pilot will provide 3,250 county residents with that monthly amount for two years. Both programs are using a lottery method to choose applicants who meet […]
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