A Californian county is getting ready to launch a multi-million greenback assured revenue pilot program, based on a brand new report.
The Richmond Confidential says Contra Costa County has allotted funds for a assured revenue pilot program giving as much as $1,000 monthly to 250 residents for a interval of 1 and a half years.
This system, which might kick off by the top of 2025, will goal homeless residents, younger individuals transitioning from foster care, low-income households with younger children and newly launched convicts.
Contra Costa County’s Board of Supervisors allotted funding for the assured revenue pilot program final month.
The funding can be drawn from a countywide gross sales tax referred to as Measure X that was authorised by voters within the 2020 normal election. Income generated from a statewide legal justice reform invoice can be one other supply of this system’s funding.
Presently, Contra Costa County officers are fleshing out this system’s particulars together with the choice and software processes of potential individuals.
The report cites Measure X Neighborhood Advisory Board member Rachel Rosekind, who says the pilot program goals to remodel lives.
“The thought is to actually make a transformative funding in our residents. And so to consider all of the other ways to do this when it comes to how lengthy, how a lot, who’re we investing in.
We wish to actually uplift and alter not simply the lives of those residents, however the lives of their households, the material of their communities.”
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Examine Value Motion
Observe us on X, Fb and Telegram
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses you might incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in internet affiliate marketing.
Generated Picture: Midjourney