To be eligible for the guaranteed monthly stimulus payment, a household must have at least one kid under the age of six. The guaranteed monthly stimulus check would be sent to 54 selected households in Yolo County, which also happens to have the state’s highest percentage of individuals living in poverty.
Selected families would get a monthly stipend ranging from $1200 to $1500, depending on their family size and income sources. The money is completely up to the families to use as they see fit.
The main purpose of the program, according to its organizers, is to help selected families get beyond the poverty line, which in California is around $25,000 for a family of four. There is no application process for the program, and applicants will be chosen by the authorities based on their eligibility criteria.
This effort was approved by the Yolo County Board of Supervisors last year, and it will be continued this year. According to the government, the cannabis tax income will be used to pay the distribution of the guaranteed monthly stimulus check. One thing to bear in mind is that this guaranteed monthly stimulus check will be given to selected families in addition to the financial assistance they already receive from the government.
GIPS (Guaranteed Income Programs) Are Getting More Popular.
The prepaid debit cards will be handed to the selected families on April 1st. Researchers at the University of California, Davis, will analyze the pilot program and its impact after the stimulus money is distributed. Researchers will collect data and conduct interviews with the families to perform a full study on the benefits of the extra money that these families are receiving.
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