Universal Basic Income Program: Every year, millions of Americans have to have a few spare bucks from a stimulus check or some guaranteed income plan. Such payments can make the citizens successful in their endeavors and fight financial hardships that they encounter.
In fact, it remains possible to request a basic income that looks like a stimulus check to many. It has been made clear that Boulder County is providing the opportunity to apply for this kind of monetary relief on a monthly basis for two years to those who are qualified for it.
Nurturing Futures in Boulder County after stimulus checks
In low-income earners’ households, there may be an urgent need for additional cash for starting a business, paying the house bill, or buying food and other daily needs. To say nothing of the fact that families with young children simply have to earn a lot of money to be able to purchase all the necessary things.
That is why Boulder County is now accepting applications to support families with at least one kid under 4. 725 needy families in need will receive direct cash assistance from the Boulder County Department of Human Services (BCHS).
If selected, they will receive $300 per month for two consecutive years. That means that the selected candidates will be rewarded with a total sum of $7,200. Thus, the goal for the program is to help Boulder County set up the community for the better in terms of the future.
Examples of necessary expenses that the Basic Income program in Boulder County can help
Housing Costs
- Rent or mortgage payments
- Utilities like electricity, water, gas, etc.
- Property taxes and insurance
Food and Groceries
- Weekly trips to the supermarket
- Meals at home for the family
- Baby formula and food for young children
Transportation
- Gas and vehicle maintenance costs
- Public transit passes
- Ride-sharing services when needed
Healthcare
- Premiums for health insurance plans
- Co-pays for doctor visits and prescriptions
- Dental and vision care costs
Childcare and Education
- Daycare or babysitting while parents work
- School supplies for K-12 students
- Tuition assistance for higher education or vocational training
Clothing and Household Essentials
- Seasonal clothing needs for the family
- Personal hygiene products
- Cleaning supplies and other household necessities
What are the specific requirements to qualify for the Basic Income program in Boulder County?
Here are the specific requirements to qualify for the Nurturing Futures Guaranteed Income Program in Boulder County:
- Residency: open for residents of Boulder County, Colorado, only.
- Income Level: The family’s income should therefore be within 30% of the Area Median Income (AMI).
- Age: One requirement is that the applicants should be at least 18 years old.
- Child Requirement: The household must have at least one child below 4 years old at the time of application for enrolment in the program.
What is the process for applying for the Basic Income program in Boulder County?
Application Steps:
- For more information on the Boulder County Basic Income Program, visit www.bostoncounty.org/basicincome.
- To continue with it, follow the link and start filling out the application through the online system that leads to Apply Now.
- Signing up only requires your email address as well as a password of your own creation.
- personal information, household information and income documents have to be filled out on the application form.
- Upload necessary documents: ID, proof of residency in Boulder County and income.
Review and submit your application
- There is no actual deadline for applications, and you can apply anytime you want to.
- If your application is accepted, you will receive an email informing you of the acceptance 2-4 weeks following the submission of your application.
- If you’re chosen, the last step will require working with the company and filling out an enrollment agreement, then agreeing with the terms of direct debit with payments made each month.
For more information or assistance with your application, contact the Boulder County Basic Income Program at:
- Phone: 303-441-1000
- Email: basicincome@bouldercounty.org
- In-person: Housing & Human Services Dept, 3460 Broadway, Boulder, CO 80304
FAQs
Q. What is the universal basic income plan?
A. Universal basic income UbI is a social welfare concept that has recently been put forward whereby each citizen of a given populace receives a certain amount of money on a regular basis with no expectation of being required to render any services in return—a transfer payment, in other words.
Q. Who can apply for universal basic income?
A. Universal basic income is the concept that the government should provide every individual with a certain sum of money periodically and without expectations of any reciprocity concerning the citizen’s working status or financial status. The rationale for developing such a system includes the fight against poverty and assistance to persons in fulfilling their essential needs.
Q. How much would UBI cost in the US?
A. Citing a research paper done by investment management firm Bridgewater Associates, the authors state that with UBI, the cost of a plan aimed at providing $12,000 to each of the American citizens would be $3.8 trillion.