Los Angeles to become largest U.S. city to offer guaranteed income for the poor
More than a dozen cities are now offering similar assistance 04/19/2021
Photo (c) yongyuan - Getty ImagesLos Angeles, California is setting out to establish itself as the largest U.S. city with a guaranteed income program for poor residents.
On Tuesday, Mayor Eric Garcetti said he will ask the L.A. City Council to appropriate $24 million in next year’s budget to guarantee monthly payments of $1,000 to $2,000 for low-income families. That fund could grow to $35 million with additional capital from council districts and other sources.
The program is not a lifelong guarantee, but rather a one-year program focused on helping households with at least one minor that may have suffered hardship relating to the COVID-19 pandemic. Candidates will be chosen from all 15 of the city’s districts and disbursements are based on each district’s share of those living below federal poverty g