Bill > A4568

Introduced Session

This bill establishes a "Guaranteed Income Pilot Program" in the Department of Labor and Workforce Development. This pilot program is to study the effect of unconditional disbursement of funds on individual spending habits and on the economic status of the municipality in which the individual resides. The pilot program shall operate for a period of two years. It shall provide its recipients with $500 per month for eighteen months. The pilot program shall be established in the cities of Paterson, Passaic City, Jersey City, Plainfield, Newark, Trenton, and Camden. The program shall select at random 500 residents of each city as participants, provided that no participant shall have reported an annual household income of greater than $80,000 in the previous year, and provided that there is not more than one selected individual per household. No other criteria shall be necessary for receipt of the funds provided by the pilot program. The Department of the Treasury, in consultation with the Department of Labor and Workforce Development, shall study economic data from the cities affected by the pilot program, and collect voluntary survey data from the participants in the pilot program regarding their spending habits and personal financial situation, as well as any other data or information relevant to the pilot program that they see fit to gather, and shall submit a report with findings and recommendations to the Governor and to the Legislature no later than the first day of the tenth month following the conclusion of the two-year pilot program.

AI Summary

Committee Categories

Verlina Reynolds-Jackson (D)*,  Benjie Wimberly (D)*, 

Introduced, Referred to Assembly Labor Committee (on 08/24/2020)