Austin becomes the first Texas city to experiment with ‘guaranteed income’
Austin will be the first major Texas city to use local tax dollars to give cash to low-income families to keep them housed as the cost of living skyrockets in the capital city. Under a yearlong, $1 million pilot program that cleared a key Austin City Council vote Thursday, the city will send monthly checks of $1,000 to 85 needy households at risk of losing their homes — an attempt to insulate low-income residents from Austin’s increasingly expensive housing market and prevent more people from becoming homeless.
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