Budget Amendment ID: FY2024-S3-128-R1

Redraft GOV 128

Matched Savings Programs

Messrs. Eldridge and O'Connor, Ms. Rausch and Mr. Feeney moved that the proposed new text be amended in section 2, in item 0610-0010, by adding the following words:- “; provided further, that not less than $250,000 shall be expended to the 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”.