Establishes a Guaranteed Income Pilot Program in New Jersey for residents of certain cities.
The bill establishes a "Guaranteed Income Pilot Program" in the Department of Labor and Workforce Development. It will study the effect of unconditional disbursement of funds on individual spending habits and the economic status of the municipality. The program will operate for two years, providing $500 per month for eighteen months to 500 randomly selected residents of Paterson, Passaic City, Jersey City, Plainfield, Newark, Trenton, and Camden, with a household income limit of $80,000.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.