Budget Amendment ID: FY2025-S4-114-R1

Redraft GOV 114

Matched Savings Programs

Messrs. Eldridge and Lewis, Ms. Rausch, Messrs. Feeney and O'Connor and Ms. Edwards moved that the proposed new text be amended in section 2, in item 0610-0010, by adding the following words:- "and 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"; and by striking out the figure "$1,376,701” and inserting in place thereof the following figure:- "$1,626,701".