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Nine states are offering surprise stimulus checks and universal basic income payments

MORE cash-strapped Americans are getting extra support from their states in the form of stimulus checks and universal basic income (UBI) payments.

If you weren’t aware of the support, it would be a welcome cash boost.

Yang's idea of ​​UBI is being used in some states

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Yang’s idea of ​​UBI is being used in some states

UBI is a set of periodic payments that individuals receive from the government.

These payments can be made monthly, several times a year, or just once annually.

Support follows multiple federal bailouts in time epidemic, including three stimulus test for Americans.

However, those things were not made to recur.

A fourth stimulus test is also unlikely, although there are petitions calling for a stimulus test along with payments to Social Security claimants.

Meanwhile, many cities and states are rolling out their own support packages to help their residents. We’ve rounded those up below.

1. Alaska

For a while, Alaska offered checks to its citizens under the Alaska Permanent Fund.

The fund, established in 1982, was established to provide state citizens with a share of the state’s oil revenues.

The sovereign wealth fund pays annual dividends to qualified citizens.

To qualify, you must have been an Alaska resident for at least a year – but you are not eligible if you have been convicted of state felonies or jailed.

This year’s payment went to 643,000 Alaskans, totaling $1,114 each.

The highest payout occurred in 2008 when the payout was $2,069.

2. California

The California Franchise Tax Commission is expected to make a regulatory payment of approximately $9 million Golden State Stimulus II.

As of yesterday, it had issued about 6.43 million state stimulus checks – with about 2.57 million still unpaid.

The state stimulus check will be paid approximately every two weeks until every eligible Californian receives one.

Checks range in value from $600 to $1,100 and are sent to people earning less than $75,000 a year.

3. Chicago

Windy city will offer a UBI . program to low-income households.

Eligible families earning less than $35,000 per year will receive $500 in monthly payments.

The payment will affect 5,000 families in Chicago and will be paid in part using funds from America’s Rescue Act, signed into law in March by the President Joe Biden.

Participants will be selected at random, which means you cannot apply yourself.

4. Columbia

In September, 100 low-income Columbia dads received a $500 debit card.

They will continue to receive those payments for a total of 12 months.

The year-long pilot program is called the Columbia Life-Improving Monetary Enhancement (CLIMB).

It aims to explore the potential impact on guaranteed incomes to tackle poverty, inequality and financial instability.

5. Los Angeles

Los Angeles also recently announced a UBI plan for low-income workers.

A total of 3,200 families will receive $1,000 in monthly installments for a year from January, with those who qualify being able to spend the cash however they choose.

Eligible families have income at or below the federal poverty level ($26,200 for a family of four).

10 days The registration window for this closed on November 7th at 11.59pm PT.

In mid-January, those randomly selected to participate in BIG:LEAP will be contacted by the city of Los Angeles through the contact information on the app.

The City will update the website once all announcements are complete.

If you check the website and it says it has completed the notification to the participants, but you have not been contacted yet, then you have not been opted in.

6. Maine

More than 500,000 people living in the state of Maine have received one-time stimulus check for $285 yesterday, November 15th.

To qualify, you’ll need to file a Maine individual income tax return as a full-time resident for the 2020 tax year by October 31, 2021.

Applicants must earn less than $75,000 to qualify.

If you are married filing jointly and head of household, your income must be less than $150,000 and $112,000, respectively.

7. New Orleans

Louisiana youth will receive $350 monthly payments as part of state financial literacy program.

The new state initiative will impact 125 New Orleans residents who are between the ages of 16 and 24.

The first payment stimulus will be released in December.

Along with the age requirement, the fund will go to people who are unemployed or out of school.

8. Pittsburgh

Pittsburgh plans to use some of its Covid funds to bail out 200 low-income households.

Specifically, those households will receive payments of $500 a month for two years.

According to Pittsburgh Mayor Bill Peduto, the city will begin paying later this year.

Assuming they receive full payments in 24 months, those would equal $12,000.

9. Seattle

Low-income residents of Seattle can receive a stimulus check worth up to $3,000 – but the deadline to apply was yesterday, 15 November.

Under Seattle Relief Fund, applicants must be 18 years or older.

And you must be earning less than 50% of the Seattle area median income, less than $40,500 for an individual or $57,850 for a family of four.

Those who qualify will receive a one-time payment of $1,000 to $3,000. How much you get depends on the size of your household.

We also explain four things you need to know about stimulus payments in 2022 and beyond.

Follow these steps to make sure you get your next Child Tax Credit payment

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https://www.the-sun.com/money/4078086/universal-basic-income-cities-states-2/ | Nine states are offering surprise stimulus checks and universal basic income payments

DevanCole

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