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Minnesota is building a path to ending child poverty, which has persisted in our state — and our country — for far too long. Because of a new, sweeping set of child tax credits passed in the 2023 legislative session, countless families in our state will be more financially secure.
Beginning in 2024, families across our state will receive direct payments of up to $3,000, with no strings attached, that they can use to make ends meet. It's a guaranteed income for families, and we've seen evidence from across the country of the positive impact it will have.
In 2019, Mayor Michael D. Tubbs of Stockton, Calif., launched the nation's first mayor-led guaranteed income pilot program that gave $500 to 125 residents for two years. The $500 didn't just help people survive to the end of the month, but it also unlocked a whole world of economic potential for those families. Recipients experienced less income volatility and improved physical health, further emphasizing the role economic security plays beyond just a bank balance.
With people struggling due to longstanding inequity coupled with the devastating financial effects of the pandemic, more guaranteed income pilots started emerging across the country, including here in Minnesota.
In 2020, I led our first guaranteed income pilot as mayor of St. Paul, which was the second pilot program in the nation and the first to leverage public funds. Since then, Minneapolis Mayor Jacob Frey, Ramsey County Commissioners Rena Moran and Trista MatasCastillo, and Hennepin County Commissioners Irene Fernando, Angela Conley and Marion Greene have joined the movement to invest directly in our constituents.
And we've already seen positive results — St. Paulites Samantha and Max had to deal with the stress of Max losing his job during the pandemic at the same time Samantha gave birth to their fourth child, who was born with a heart problem. With a guaranteed income, the family was able to cover medical bills, Samantha paid for a training program to get a better job and they fixed their daughter's bike.