Chicago Approves Guaranteed Basic Income Pilot Project
The Chicago City Council has passed a 2022 budget that includes a guaranteed basic income pilot program. This program will provide 5,000 Chicago households with $500 a month for a year. The program’s funding comes from $2 billion in COVID-19 relief money allocated to Chicago via the American Rescue Plan. This program, one of the nation’s largest, aims to relieve financial burdens on families hard-hit by COVID-19.