According to the release, up to 50,000 physical prepaid cards of $150 will be distributed to eligible residents via a lottery system. These cards will be valid for one year after receipt and may only be spent on the cost of fuel at gas stations located within Chicago. Applications are limited to one per household. Beginning in May, cards will be distributed in five successive monthly waves of 10,000 residents.
Mayor Lori Lightfoot announced Thursday the city will spend $12.5 million providing prepaid gas and transit cards to Chicagoans.
The release states that to make this program possible, the city has partnered with Fifth Third Bank and Onbe, a market-leading corporate disbursements fintech. Fifth Third and Onbe are providing the physical prepaid cards and payment processing for the program with no transaction fees, enabling the entirety of the program funding to be provided directly to residents.
Last week, the City Council’s Finance Committee abruptly canceled a hearing on Lightfoot’s plan to roll back the 3-cents-a-gallon increase in the city’s gas tax that was included in her 2021 "pandemic budget." "If it was me, I would probably not do it, to not feed into the cynicism of the public that you’re just doing something as a political stunt," Brookins said.
Over the last two weeks, mayoral challenger Willie Wilson has held two gas giveaways. The first generated massive traffic jams as motorists lined up for hours to get $50 worth of gas until $200,000 ran out. The second freebie was larger, but less chaotic. About four dozen stations in the city and suburbs pumped $1 million worth of gas into motorists’ tanks.
Ald. Gilbert Villegas , chairman of the council’s Latino Caucus, agreed that offering motorists a $50 gas card would be better than a partial reprieve from Lightfoot’s gas tax hike.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Chicago to make prepaid gas, CTA cards available amid high gas prices, Mayor Lori Lightfoot saysDuring Chicago Mayor Lightfoot's press conference today, she announced upcoming gas cards and CTA funds after Willie Wilson's recent gas giveaways.
Baca lebih lajut »
City to distribute prepaid gas, transit cards in response to soaring gas pricesThe city of Chicago plans to make available $12.5 million in prepaid gas and public transit cards in an effort to address soaring gas prices, Mayor Lori Lightfoot announced Thursday.
Baca lebih lajut »
Willie Wilson, Who Gave Away $1.2 Million in Gas, Calls Lightfoot's Gas Card Program ‘Political Stunt'Chicago businessman and philanthropist Dr. Willie Wilson, who recently gave away $1 million in free gas to area residents, has dismissed a new plan unveiled by Mayor Lori Lightfoot to provide $12.5 million in prepaid gas and transit cards as a “political stunt.”
Baca lebih lajut »
LA County guaranteed income program begins accepting applications ThursdayThe application window opens today for L.A. County's new guaranteed income program. It will provide 1,000 randomly selected residents with $1,000 a month for three years.
Baca lebih lajut »
City to distribute prepaid gas, transit cards weeks after drivers line up for free gas giveaways“This is one of the many tools in the city’s toolbox to eradicate poverty and build generational wealth across Chicago,” Mayor Lori Lightfoot said.
Baca lebih lajut »