Chicago just approved one of the US's largest basic-income pilots: $500 monthly payments for 5,000 people The city council voted Wednesday to approve one of the largest basic-income programs in US history — a pilot that will give 5,000 low-income households $500 per month for one year. Participants will be chosen at random, but individuals must earn less than $35,000 per year to qualify. The council authorized nearly $32 million for the pilot as part of the city's 2022 budget. The program's funding comes from $2 billion in COVID-19 relief dollars allocated to Chicago through the Biden administration's American Rescue Plan. Unbelievable.