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Chicago mayor pitches $500 monthly payments to poor families

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CHICAGO (AP) — Chicago Mayor Lori Lightfoot has pitched a pilot program giving $500 monthly payments to 5,000 low-income households for a year.

The first-term Democrat announced the $31.5 million effort Monday during her budget address. Lightfoot characterized it as a cash assistance program for hard-hit, low income households in need of additional economic stability.

RELATED: $327 million in household assistance available for low-income families in Illinois

Similar pilot efforts, called universal basic income, have been tested elsewhere including in California and New York.

Lightfoot's proposed budget is $16.7 billion. She wants to use the nearly $2 billion in federal relief funds toward closing budget gaps for several years.

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