Budget Amendment ID: FY2023-S4-154

GOV 154

Matched Savings Programs

Messrs. Eldridge, Barrett, Moore and Brady, Ms. DiZoglio, Ms. Creem, Mr. Keenan, Ms. Rausch, Mr. Feeney, Ms. Lovely, Mr. Gomez and Ms. Edwards moved that the proposed new text be amended in section 2, in item 0610-0010, by adding the following words:- “; provided, that not less than $250,000 shall be made available to MIDAS Collaborative Inc. as a fiscal intermediary for matched-savings programs, which help to close critical racial and other wealth gaps of low-to-moderate-income households, in partnership with financial institutions, community development corporations, community foundations and other community-based organizations”; and by striking out the figure "$726,700" and inserting in place thereof the following figure:- "$976,700".