9/5/2023 0 Comments City of compton mayor![]() ![]() Not the first guaranteed income pilot program in California The Compton Pledge is led by Mayor Brown in partnership with the Fund for Guaranteed Income, the Jain Family Institute – a nonprofit research institution – and dozens of other organizations that will advise on the implementation of the initiative into the community. This money will go to the Fund for Guaranteed Income,a registered public charity, with “the vast majority channeled directly to the cash transfer recipients,” according to program’s fact sheet. So far, the program has raised over $2.5 million in private donations and in-kind contributions. Compton Pledge hopes to reverse these troubling trends at no cost to its residents. ![]() The coronavirus pandemic has also raised the city’s unemployment rate which now stands at 21.9%, according to the program’s website. In addition, the platform also provides no-cost banking and access to “existing financial, legal, and counseling services.”Ībout 1 in 5 Compton residents live below the poverty line – a figure that is double the national average, according to. One of the features of Compton Pledge is its online payment platform which allows recipients to get their money through direct deposit, electronic transfers, or even prepaid debit cards. “Ensuring all people are able to live with dignity is something we should all strive for in America.” “People in our community are going through tough times, and I know that guaranteed income could give people a moment to navigate their situation, and have some breathing room to go back to school, explore a new career path, spend time with their children, or improve their mental and emotional wellbeing,” said Brown in the statement. A spokesperson from one of the organizations partnering with the program told CNN that they have not determined the exact amount of cash payments “beyond the range of a few hundred dollars.”Ĭompton Pledge will also be available to “irregularly or informally employed residents, immigrants of varied legal status, and the formerly incarcerated.” The program is slated to begin later this year with a select group of “pre-verified” residents who will receive monthly cash payments over a two-year period. The launch of the Compton Pledge, a guaranteed income program that seeks to “challenge the racial and economic injustice plaguing both welfare programs and economic systems,” was announced by Mayor Aja Brown in a statement released Monday. The city of Compton is launching a pilot program that will guarantee free, recurring cash payments to 800 of its low-income residents – with no strings attached. ![]()
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