Photo: Hyoung Chang | The Denver Post
Denver is beginning a basic income project to explore how the philanthropic and private sectors can augment public support for people in poverty, says Mayor Michael B. Hancock. Denver has allocated $2 million from the American Rescue Plan Act towards the program, modelled on initiatives in California and British Columbia. The Denver Basic Income Project, which will run the program, is raising another $5.5 million privately. Three different groups, chosen at random, will receive support. Of these, 260 will get $6,500 up front and then $500 a month for 12 months; another 260 will get $1,000 a month for 12 months; and a control group of 300 will get a $50-a-month stipend to complete surveys. Participants also will get a free cell phone and a year of service. The Colorado Coalition for the Homeless will track how people use the money. Participants will likely begin receiving money starting in November.
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