Tag: guaranteed income

In 1966, the Rev. Dr. Martin Luther King posed a poignant question to a nation amid social, political, and economic turmoil in a book titled: “Where do we go from here? Chaos or community?” Over 50 years later, the United States finds itself in another perplexing time of uncertainty and dramatic economic inequity—even as King’s vision for liberation still inspires advocates, policymakers, and communities. Before his death in 1968, much of King’s work was focused on economic equality for the poor, with a particular focus on understanding the systemic racial barriers African Americans and Native American populations encountered in […]

Full Post at www.abtassociates.com

Austin City Council members approved a contract for administration of the guaranteed income program in an 8-1 vote. (Ben Thompson/Community Impact Newspaper) Austin is set to begin a one-year trial run of a program that will provide dozens of local families with $1,000 monthly checks following an 8-1 City Council vote.

The $1.18 million guaranteed income pilot was initially funded in Austin’s fiscal year 2021-22 budget approved last August, and a contract for the finalized program first appeared on council’s agenda in April. The program’s funding, including the monthly payments and administrative costs, comes from the city equity office’s budget.

Mayor […]

Full Post at communityimpact.com

AUSTIN (KXAN) — Here’s what we’re watching at the Austin City Council meeting on Thursday. Firefighters Binding Arbitration

Last May, Austin’s firefighters fought for their right to binding arbitration at the ballot box, winning with an overwhelming majority as 81% of voters approved Proposition A.

This measure allowed the firefighters’ union to demand the right to resolve any contractual disputes with an arbitrator — who decides the dispute instead of a court — if contract talks reached a standstill.However, the city’s labor relations office notified the firefighters’ union in February it “won’t be participating in any binding arbitration process,” […]

Full Post at www.kxan.com

NEW ORLEANS — The Mayor’s Office of Youth and Families (OYF) today announced the launch of the New Orleans Guaranteed Income Program through a $500,000 grant from Mayors for a Guaranteed Income (MGI).

The City of New Orleans is the first recipient of the MGI funding to prioritize payments to young people. The program will serve 125 young people between the ages of 16-24 who are disconnected from work and school. They will receive a monthly cash payment of $350 for the next 10 months.

This program builds upon Mayor LaToya Cantrell and OYF’s commitment to supporting at-risk and vulnerable youth. […]

Full Post at nolanewswire.com

A new guaranteed income program in New Orleans is now offering money to teenagers and I am not sure I understand why this demographic was selected by the leaders of our state’s largest city. Will This Be a Waste of Money?

getty images But the Mayors for a Guaranteed Program in New Orleans has just kicked off and the program will give cash payments to 125 people between the ages of 16-24, who are not working OR in school. Those selected for the program will get monthly payments of $350 dollars for 10 months. But when you think about […]

Full Post at 710keel.com

Retirees have more options than ever before when it comes to how they want to spend their pension pot. But with choice comes more responsibility, and more room for error.

The once-favoured annuity has fallen in popularity as rates have dropped to the extent most buyers are unlikely to get even their initial investment back.

Many have favoured the more flexible option of dipping into their nest egg as and when they need the cash, known as “drawdown”. While this may work for most retirees, a guaranteed income for the rest of your life does have its merits. Which is the […]

Full Post at www.telegraph.co.uk