A guaranteed income program in Wisconsin will issue its latest payment, worth $500, to recipients on Friday.
The payments are from the Madison Forward Fund, which sends payments to recipients on the first day of every month. A total of 155 households in Madison, Wisconsin, receive the payments and are free to spend the money in any way they see fit.Every six months, recipients will be asked to complete online surveys, which take about 30 minutes. The answers recipients give on the surveys are completely confidential, and recipients will be compensated $30 for every survey they complete.
To have been eligible for the payment, a recipient had to be a resident of Madison, be at least 18 years old, and have at least one child living with them who is 17 years old or younger. Additionally, recipients needed to have an annual income of less than 200% of the federal poverty level, which can vary depending on how many people live in the household. A household of two, for example, could make no more than $36,620 every year, while a household of eight could make no more than $93,260 annually.
While payments are typically issued on the first day of the month, July 1 is on a Saturday this year, meaning this month's payment is being issued a day earlier on Friday, the program manager told the Washington Examiner. The manager also said the program will last one year, with the first payment issued in September last year. The final payment will be sent to recipients this August.Only 155 families are receiving the monthly payments, though another 200 families have been given the opportunity to participate in the surveys.
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