This measure creates an easy
way for California
families to save for college by amending the state income tax form to allow
filers to directly deposit their refund into an existing state-administered
tax-advantaged 529 college savings account designed to help children and their
families save for postsecondary education.
This
measure seeks to draw down millions in unclaimed 100% federally-funded Earned Income
Tax Credit (EITC) dollars for working families by designating the Department of
Community Services and Development as the lead agency to administer the (EITC)
outreach options specified in the Department of Social Services report of Spring 2009.
A whopping 44 percent of Mission District residents don't have low credit scores. They have NO credit scores. Without them, the only loans they can get are the loans no one wants - those with pricey interest rates and harsh terms. And if doors to affordable credit seemed closed to these consumers before the financial meltdown, they're slammed shut now.
In Califonia's current legislative session, the Asset Building Program
is advancing a comprehensive legislative package of state policy
intiatives to broaden savings and ownership opportunities for
Californians. … more
Contact: Liz Wu
510-295-9859 (m)
wu@newamerica.net
FOR IMMEDIATE RELEASE -- March 31, 2009
Los Angeles, CA -- Today, Los Angeles City Council unanimously passed a resolution in support of AB 125, state legislation reintroduced by Assemblyman Kevin De Leon (D-Los Angeles) to give California workers access to a low-cost, professionally managed retirement account.
Remember fieldtrips? All 535 members of Congress should take one this week to Room 675 of the County Courthouse in Philadelphia. Doing so would bust some myths surrounding the "cram down" legislation – now stalled in the Senate – that would allow bankruptcy judges to reduce payments on troubled mortgages.
Los Angeles, CA - Today, Mayor Villaraigosa announced he would launch "Bank on LA," an initiative to help working Angelenos without bank accounts open starter accounts and take their first step into the financial mainstream.
