NEWARK, NJ - A new task force has been created that will begin to plan for a universal basic income pilot program in Newark, Mayor Ras Baraka announced. 

Baraka first hinted at the program during his state of the city address in March, and it's still unclear what the program will look like in Newark. Universal basic income is a cash benefit that could come in several different forms, but it's generally a government-funded subsidy that gives residents some type of guaranteed income source. 

“We are receiving technical assistance from the Economic Security Project and the Jain Institute,” said Baraka in a statement. “Together, we are assessing the feasibility of a program in Newark. This is another step in our work to end poverty in Newark, and create a more equitable and empowered city.” 

Our newsletter delivers the local news that you can trust.

MORE: Sharing the Wealth Among Newarkers Top of Mind for Baraka in State of City Address

The Guaranteed Income Task Force includes members from the Newark Community Development Network, Advocates for Children of NJ, the Center for Law, Inequality, and Metropolitan Equity (CLiME), Newark Alliance and the Newark Community Economic Development Corporation.

The group is responsible for assessing the feasibility of a universal basic income pilot for the city. During its first meeting yesterday, the task force was presented with background information on current pilots that are already in place and policy. The group also explored how more income could impact health outcomes. 

More than one-third of Newark residents live in poverty, Baraka said. While the mayor has praised new developments rising in the city’s downtown area, he’s also put a focus on making sure long-time residents don't fall victim to gentrification. 

MORE: 17-Year-Old Appointed to Newark Commission That Will Fight Gentrification

Democratic presidential hopeful U.S. Sen. Cory Booker has introduced federal laws that would create different forms of universal basic income. 

Booker, a former Newark mayor, has called for "American Opportunity Accounts" to be created for every child born in the United States. The government would deposit up to $2,000 annually into each account, considering their family's income. 

Another bill would guarantee jobs to residents that generally pay at least $15 an hour. 

The task force will convene again in September. It will eventually release a report with findings about a guaranteed income program in Newark, the city said.

Find TAPinto Newark on Facebook and Twitter. Download the TAPinto mobile app for Android or iOS.