Bill > S08160

This bill establishes the Universal Basic Income for Transition-Age Youth Pilot Program, which will provide $1,000 per month for 3 years to New York state residents who age out of foster care during 2023. The program aims to improve outcomes for foster youth by ensuring their economic security. The payments will not be counted as income for the purposes of determining eligibility for certain public benefits and financial aid programs, such as Medicaid, the Earned Income Tax Credit, and federal student aid. The bill requires the Department of Social Services to work with a research institution to measure the program's outcomes and submit annual reports to the governor and legislature. The program will run from January 1, 2023 to December 31, 2026.