A special all-party committee of the P.E.I. legislature is urging the provincial government to begin “immediate negotiations” with the federal government seeking support for a universal basic income guarantee for the province.

But such a program would come with a significant price tag, estimated at $260 million per year — almost $100 million more than the current budget for the entire P.E.I. Department of Social Development and Housing.

Providing all Prince Edward Islanders with access to a guaranteed basic income would “ensure every Islander, no matter their circumstance, can live with basic health and dignity,” MLA Trish Altass told the legislature Tuesday.