St. Louis is launching a program that seeks to help low-income families by providing them with $500 monthly payments for 18 months.
The program is a signature priority for Mayor Tishaura Jones, who said Tuesday that the money will go to hundreds of city households, the St. Louis Post-Dispatch reported. She believes it will help rebuild neighborhoods and prevent the root causes of crime.
“St. Louis’ guaranteed basic income will give hundreds of St. Louis families the resources they need to lift themselves out of poverty, giving them a strong foundation to grow and to thrive,” Jones said at a news conference.
The Board of Aldermen approved the program last year. The city will use $5 million in federal pandemic aid. Meanwhile, St. Louis native Jack Dorsey, who co-founded Twitter and Square, is contributing $1 million.
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