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With a massive $5 million budget, another universal basic income (UBI) program has just been approved.
The St. Louis Board of Aldermen in Missouri decided to approve $500 monthly payments to 440 families. However, the mayor, Tishaura Jones, needs to approve the said measure to finalize the details according to an article posted by The US Sun on January 07, 2023.
Based on the article posted by The US Sun on December 15, 2022, if approved, $5 million will go towards making the payments for 18 months to low-income families. The funds are from pandemic recovery funds, and they will be used to assist families who are still getting over their financial losses as a result of the pandemic.
Shameem Clark Hubbard, an alderwoman for the 26th Ward, said it’s difficult not to be excited when she considers the allocations, the departments they’re going to, the work they’re already doing, and the way this will increase capacity.
The payments would be available to low-income parents and guardians of children attending city public schools. Additionally, residents must make less than 170 percent of the federal poverty level and have suffered financial hardship as a result of the COVID-19 Pandemic. For a family of four, that works out to about $47,000. There won’t be any conditions or limitations on how the payments can be used.