Anecdotally, the Denver Basic Income Project has saved lives. According to new research on the program that provided no-strings-attached cash to 807 homeless adults in Denver, it also saved taxpayers significant money throughout its first-year pilot program. The savings manifested in program participants staying in homeless shelters less frequently, requiring fewer ambulance rides, emergency room visits and hospital stays, and spending fewer nights in jail or drug and alcohol treatment centers, a report released Tuesday morning shows. Decreases in those categories added up to more than $589,000 saved, according to estimates from researchers with the Center for Housing and Homelessness Research at the University of Denver. Denver Basic Income Project founder Mark Donovan knows that while improvements in participants’ well-being and quality of life are the core goals of the effort, demonstrating the efficacy of basic income payments on reducing strain on public services is part of what will convince more governments, charities and individuals to support the concept in the future. “As demonstrated in the Year One report, the program not only significantly increases housing stability for participants, but also reduces reliance on public services, like emergency room visits and public shelters,” Donovan said in a statement released alongside the report on Tuesday morning. The pilot program was the largest of its kind studying the impact of direct cash on people who are homeless, according to program runners. Utilizing $9 million cobbled together from contributors including $2 million in federal funds dedicated by the city of Denver, the program split enrollees into three cohorts.
Similar Stories to Denver Basic Income Project Gave Homeless People Cash And Saved Taxpayers Almost $600,000 In The Process, Report Says on Bing News
Joe Rubino, Denver Post
Tue, 06/18/2024 - 9:00am
Topics: decreases center housing university denver basic income project mark donovan as year one utilizing payments january survey related articles no-strings we cathy alderman colorado coalition basic income project s february denver basic income project homeless politics cash report saved taxpayers program participants months pilot including researchers enrollment month public enrollees tuesday million research released received group part shelters room lives services significant emergency cohorts city runners fall direct morning stability visits
BING NEWS:
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Guaranteed basic income critics often argue cash discourages work. Experts and participants say that's a myth.
09/27/2024 - 11:23 pm | View Link - Nonprofit hospitals saved $37 billion in taxes. Here's what they delivered in return.
Nonprofit hospitals don't pay taxes. They are expected to return a fair share through free or reduced-cost care to low-income patients.
09/26/2024 - 6:41 am | View Link - Texas lawsuits keep challenging guaranteed basic income programs, calling no-strings-attached cash 'unconstitutional'
Texas Attorney General Ken Paxton filed a lawsuit to block a Houston-area guaranteed basic income program.
09/24/2024 - 6:15 am | View Link - Supporters of Denver Basic Income Project call for more funding
Supporters and participants of the Denver Basic Income Project rallied at the state capitol and outside Denver's City and County Building, calling for more funding to continue and expand the program.
09/18/2024 - 12:08 pm | View Link - More
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