Family Finances

Newark Releases Guaranteed Income Report And This Is What The Pilot Program Could Look Like

June 4, 2020  • Financial Security Program

FSP Associate Director Rachel Black was the lead author of the Guaranteed Income Report for the City of Newark and is featured in this piece. This article was written by Tehsuan Glover and originally published by the Newark Times on 6/5/20. Click here to access the full article.  

“Mayor Ras J. Baraka and the Guaranteed Income Taskforce today released the Guaranteed Income Report on findings and recommendation for a pilot program in the City of Newark.  Newark’s focus would be on residents experiencing housing insecurity. The report is a result of collaboration between the City of Newark, the  Economic Security Project  and  The Jain Family Institute. The institute is an applied research organization covering some of the largest basic income implementations in the world.

The need for cash infusion to combat rampant financial insecurity has been exacerbated by the coronavirus pandemic and has put cash transfer policies like guaranteed income or universal basic income back into the national spotlight. Mayor Baraka has been a vocal supporter of the need for such a policy since he announced last spring that he was launching Newark’s Guaranteed Income Task Force to explore how regular, unconditional infusions of cash— could advance the needs of city residents.”