Illinois guaranteed income program to give thousands $500 a month
CBSN
A new guaranteed income program in Cook County, Illinois, will provide thousands of low-income residents with $500 a month in funds that families will be able to spend however they see fit.
Applications for the pilot, called the Cook County Promise program, opened last Thursday and will remain open until October 21.
It is the largest publicly funded basic income pilot in the U.S., with the $42 million in funds for the program coming from the Biden Administration's American Rescue Plan Act, which allocated $1 billion to the county that includes the city of Chicago.
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