A 2024 study showed handing people money they hadn’t worked for hurt them, but Illinois lawmakers are putting $827,272 in tax dollars behind the idea again.
Cook County officials promised to make the nation’s now-largest publicly-funded guaranteed income experiment permanent May 18 shortly after introducing the initiative. The trial will start accepting applicants in the fall.
Quick relief was promised for select needy families in Chicago, but it now looks like it will be summer before any of the $500-a-month checks are issued. Mayor Lori Lightfoot said the delay is to prevent abuse.
Chicago will spend $32 million on the nation’s largest test of universal basic income. What happens after that year is one question, as is whether handing out cash will truly fix anything.
Chicago might spend $32 million on the nation’s largest test of universal basic income. What happens after that year is one question, as is whether handing out cash will truly fix anything.
Under a new proposal, the city of Chicago would issue debit cards to 5,000 low-income residents that provide $500 each month for a year using some of its COVID-19 relief money.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.