After decades of talk, Newark is launching a program that gained support last summer during protests over racial equity.
A guaranteed income pilot program giving monthly cash payments to eligible city residents, no strings attached and with no work requirements, is being funded with more than $2 million in private donations led by Newark’s Victoria Foundation.
The pilot program will start with 30 randomly selected individuals and gradually increase to 400 residents over two years. Participants will receive $6,000 per year during that time. Half will get biweekly payments; the other half will get the payments twice yearly. City leaders say they plan to study the effect of the frequency of those payments and add in other layers of economic help to promote financial security.