Bill > S03102

This bill establishes the Universal Basic Income for Transition-Age Youth Pilot Program, which will provide $1,000 per month for three years to New York state residents who age out of the foster care system during 2024. The program aims to improve outcomes for foster youth. The bill specifies that the universal basic income payments will not be considered income or resources for determining eligibility or benefits under certain public programs, such as Medicaid, financial aid, and military veteran benefits. The bill also requires the Department of Social Services to work with an independent research institution to measure outcomes and submit annual reports to the governor and legislature. The program will run from January 1, 2024 to December 31, 2027.