Mayor Satya Rhodes-Conway announced on Monday that local donors have contributed over $300,000 to Madison’s Guaranteed Income (MGI) pilot program, bringing the total budget to $900,000.
“I would like to thank the generous donors who are willing to work with the City of Madison to innovate on a guaranteed income project that will lift up Madison families and provide proof of concept for a national program,” Rhodes-Conway said in a statement.
This pilot is part of a larger effort to convince the federal government to tackle national poverty through direct income payments to those in need, according to a press release. MGI is 44 mayors strong, representing 18.9 million Americans. Currently, seven cities are running pilots and 14 more, including Madison, are planning to, supported by MGI and by the generous financial support of Twitter CEO Jack Dorsey.
Mayors for a Guaranteed Income is the primary national donor, but local donors include UW Health, CUNA Mutual Group, Dan and Patti Rashke Family Foundation, TASC, American Family Insurance, Alliant Energy Foundation, and Give Back Foundation.
“This opportunity with Mayors for a Guaranteed Income speaks to the core of TASC’s mission: ‘Improving the health, wealth & well-being of our customers, employees and community.’ We are excited to be on the ground floor of this program, providing those who are struggling with the financial relief they need to move forward,” said Dan Rashke, TASC CEO, in a statement.
More information about the pilot program and how it will operate will be announced soon, according to a press release from the City.