Press Release: City of Newark, JFI, and ESP release guaranteed income task force report

Read the full press release here.

Press Release

New York, NY – June 4, 2020 — Mayor Ras J. Baraka and the Guaranteed Income Task Force today released its report and findings, with recommendations for a pilot program in the City of Newark and a federal guaranteed income policy. The report is a result of collaboration between the City of Newark, the Economic Security Project and The Jain Family Institute, 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… (continue reading)

Read the full report here, and contact us at jficommunications@jainfamilyinstitute.org for interview requests with main author Rachel Black, JFI Fellow and Associate Director of the Financial Security Program at the Aspen Institute, and JFI Lead Researcher on Guaranteed Income, Stephen Nuñez.

Dark blue image reads “Building Financial Security: Newark’s Roadmap Toward a Guaranteed Income” with logos of the City of Newark, Jain Family Institute, and Economic Security Project