ROCKVILLE, MD: "Montgomery County is officially joining the guaranteed basic income movement, becoming the first jurisdiction in Maryland to offer direct cash payments to low-income residents. Starting at the beginning of next year, Montgomery County plans to pick 300 households at different points on the income scale, identified as "vulnerable," and give them $800 a month for 24 months to use in any way they want. The millions of dollars to fund the program will come from a public-private partnership with money from foundations, as well as funding approved by the county executive, and the county council. Stockton, California first piloted a guaranteed basic income program starting in 2019, giving $500 a month to 125 families. Michael Faulkender, a University of Maryland professor and former assistant treasury secretary in the Trump administration, said he thinks the money should be tied to a work requirement. Faulkender thinks Montgomery County would be better served by giving low-income residents an earned income tax credit.
https://www.wusa9.com/article/news/local/maryland/guaranteed-income-experiment-montgomery-county/65-a44369bf-766f-4c99-a7e3-bdf125e13841