City of Newark Guaranteed Income Pilot
As part of its suite of equitable growth policies aimed to attack the financial insecurity, chronic unemployment, and systemic racism experienced by too many of its minority residents, Newark is launching a guaranteed income pilot. This pilot will build on the recommendations of the 2020 Guaranteed Income Task Force, led by JFI and including a diverse array of community organizations. For the 3/4 of Black and 2/3 of Latinx Newarkers living in liquid asset poverty, and half of Newark families earning under $40,000 per year, a guaranteed income would provide a sorely-needed regular influx of cash absent the strict conditions imposed by other forms of government assistance. Launched as part of the recently-formed Mayors for a Guaranteed Income (MGI), this pilot will help answer cutting-edge questions about how to design the most impactful guaranteed income policy, while building the evidence and coalition needed to make such a policy a political and economic reality.
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