Hoboken
Mayor Ravi S. Bhalla today announced his signing of an Executive Order to establish a Guaranteed Basic Income Task Force, which will be charged with designing and preparing a Guaranteed Basic Income (GBI) pilot program to strengthen the financial stability of low-income Hoboken residents.
“This executive order marks an important step toward a fairer Hoboken,” said Mayor Bhalla. “Guaranteed basic income programs across the country have shown the power of direct, unconditional cash assistance to help families meet their needs while reducing economic stress. By laying this critical foundation, we are putting the City in a strong position to deliver a thoughtful, evidence-based pilot that reflects the values of our community. I am grateful to the City of Newark and the Mayors for Guaranteed Basic Income as well as the other experts my administration has worked with who have helped guide the development of this initiative.”
About 7.1 percent of Hoboken’s population lives below the federal poverty line, and rising housing and living costs place considerable pressure on low- and moderate-income households. These pressures disproportionately affect families with children, seniors on fixed incomes, and residents whose wages have not kept pace with Hoboken’s overall economic growth.
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