Bill > S05890

This bill directs the New York state comptroller, in conjunction with the Division of Budget and New York City comptroller, to conduct a feasibility study on implementing a universal basic income (UBI) program in New York state. The study would analyze the potential economic impacts and costs of a UBI program that provides individuals or households with an annual income of less than $80,000 per year with $7,200 per year for individuals and $14,400 per year for couples. The study would also evaluate potential funding sources for such a program. Within one year of the bill's effective date, the New York state comptroller must issue a report of the study's findings to the governor, temporary president of the Senate, and speaker of the Assembly.