This mayor wants to give every poor family in her city $500 a month

Australia News News

This mayor wants to give every poor family in her city $500 a month
Australia Latest News,Australia Headlines
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 97%

A new guaranteed income program would benefit every family making less than 200% of the federal poverty level in this city for about a year and a half.

In Cambridge, Mass., every family living below the federal poverty level will soon get a monthly payment of $500, Mayor Sumbul Siddiqui announced this week — making the city the first in the country to expand cash assistance to all locally impoverished households, her office said.

“While the details of the program are still being fleshed out, I look forward to working with our community partners to ensure the best possible implementation,” Siddiqui said, according to a transcript of her address that was published by the eastern Massachusetts news site Wicked Local. “We are confident that this appropriation will be a huge force in our recovery from the pandemic and in our efforts to address the inequities that exist in Cambridge.

This week, Chicago opened up applications for its Resilient Communities Pilot —part of a greater initiative backed by the American Rescue Plan and local bond funding — and received 90,000 applications from interested residents within 24 hours. In the end, though, only 5,000 struggling families will get $500 a month for a year.

Research on the impact of the Stockton program’s first year suggested that the money helped with unexpected expenses, debt payments, and overall stability, and the program was replicated across the U.S. in various formats. Today, dozens of cities are either on board with — or are actively conducting — similar experiments through Mayors for a Guaranteed Income, an organization founded by Tubbs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Marriott gives guest's luggage worth over $8K to alleged thief, only required to pay $500 in damagesMarriott gives guest's luggage worth over $8K to alleged thief, only required to pay $500 in damagesA tourist sued a San Francisco Marriott for giving luggage to an alleged criminal, but the hotel is only required to pay $500 in damages.
Read more »

Marriott gives guest's luggage worth over $8K to alleged thief, only required to pay $500 in damagesMarriott gives guest's luggage worth over $8K to alleged thief, only required to pay $500 in damagesAttorneys argue that a loophole in a California law allows hotels to avoid paying actual damages to guests.
Read more »

Binance Lite Referral Activity: Refer Friends and Win Puzzle Pieces Worth Up to $500 Each from a Pool of $500,000 Equivalent in Tokens & 3,000 NFTs! | Binance SupportBinance Lite Referral Activity: Refer Friends and Win Puzzle Pieces Worth Up to $500 Each from a Pool of $500,000 Equivalent in Tokens & 3,000 NFTs! | Binance SupportFellow Binancians, Binance Lite Referral has launched an exclusive activity for users to refer their friends, solve puzzles and earn rewards together. Invite your friends to join us through Lite R...
Read more »

Mayor Lightfoot's gas card plan gets green light from Chicago City Council | Applications now openMayor Lightfoot's gas card plan gets green light from Chicago City Council | Applications now openChicago Moves gas cards application now open after Chicago City Council approved Mayor Lori Lightfoot's plan to give out free transit and gas cards.
Read more »

New York Mayor urges state to abandon ‘stifling' BitLicense schemeNew York Mayor urges state to abandon ‘stifling' BitLicense schemeThe Mayor of New York City Eric Adams wants to discard the states’ crypto BitLicence requirement saying it stifles innovation and makes NY “less competitive”.
Read more »

Algorithm That Screens for Child Neglect Raises ConcernsAlgorithm That Screens for Child Neglect Raises ConcernsCritics say employing the algorithm gives a program powered by data mostly collected about poor people an outsized role in deciding families’ fates.
Read more »



Render Time: 2025-02-27 10:32:14