PRINCE GEORGE'S COUNTY, Md. (7News) — A financial boost is in store for a select number of people in Prince George’s County.
Those behind the “Thrive Prince George’s” pilot program say payouts from the guaranteed income program could come just after the holiday season at the start of 2024.
The program will offer payments of $800 per month to qualified seniors on fixed incomes and youth who are aging out of foster care.
Prince George’s County Executive Angela Alsobrooks said a guaranteed income will help families make ends meet, just as seen in cities with similar programs including Stockton, California.
“The recipients’ health improved,” Alsobrooks said. “Their anxiety dropped and their wellbeing increased.”
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Alsobrooks said the county matched funds from the Meyer Foundation and the Greater Washington Community Foundation that each donated $1 million.
The $4 million project is funded for two years.
“A modest, guaranteed income can decrease poverty by as much as 40%,” said Tonia Wellons President and CEO of The Greater Washington Community Foundation.
Wellons said the guaranteed income payments can be life-changing by allowing families to close income gaps and afford things like groceries, childcare and going back to school.
“For the participants, it really is the absolute best way to kick off a new year, to kick off 2024 knowing that there are people out there who care deeply about them and are investing in their futures,” Wellons said.
7News asked if it’s proven that the extra money provides long-term benefits.
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“The data shows that most, the vast majority, 90% or more of people who are recipients of cash transfers or guaranteed basic income use the resources for productive uses,” Wellons said. “If every now and then, someone who is the beneficiary of such a benefit wants to do something that splurges a little bit, I’d say, ‘Don’t we all?’”
“The amazing thing about this program is that it brings dignity back,” Prince George’s County Councilmember Krystal Oriadha who introduced the legislation for the program. “It says that we know we can trust you. We know that you know what is best for you.”
Alsobrooks said the pilot program is funded without compromising the budget, and will help 50 youth and up to 125 seniors.
“Guaranteed income can enable a person to pay down debt, move into permanent housing, further their education to secure a better job or spend valuable time with family,” Wellons said.
Applications should open in mid-December, Wellons said.