The Chicago City Council has approved $35 million dollars to pilot a universal basic income program in one of the largest efforts of its kind in the nation. The newly approved budget will give $500 each month to 5,000 low-income families under the program promoted by Democrat Mayor Lori Lightfoot. “I am beyond excited to announce the passage of the most progressive and forward-looking budget in our city’s history,” Lightfoot said in a statement. “As we move away from the pandemic, we must use this opportunity and once-in-a-lifetime funding to address the economic and emotional pain it has wreaked on our communities. This budget, complete with a historic number of investments and policy prescriptions, will meet this moment and help us fulfill our responsibility to uplifting and empowering our residents,” the mayor added. Local civic leaders hailed the program’s passing as an effort that will “change and save lives.” “The …