Establishes "Guaranteed Income Pilot Program" in DOLWD for residents of certain cities.

This bill (A 1708) establishes a two-year Guaranteed Income Pilot Program in seven New Jersey cities: Paterson, Passaic City, Jersey City, Plainfield, Newark, Trenton, and Camden. It will randomly select 500 low-income residents per city (household income under $80,000 annually, one per household) to receive $500 monthly for 18 months with no conditions. The program aims to study how unconditional cash payments affect participants' spending habits and local economic conditions. The Department of Treasury will collect data and submit a final report to the Governor and Legislature within 10 months after the pilot ends.