Stay Informed!

By Ethan Geiling on 05/26/2011 @ 05:30 PM

Tags: Assets & Opportunity Initiative, Individual Development Accounts, Matched Savings

In 2010, nine states reduced or eliminated funding for Individual Development Accounts (IDAs). Eight of these states reduced funding and one state, Massachusetts, eliminated funding.

However, after taking a hit in 2010, IDA programs are seeing more positive action in 2011 at the state level. A bill was sent to the Georgia Governor to create a state IDA program administered by the Georgia Council on Developmental Disabilities. Unfortunately, the Governor vetoed the bill. Alabama, Texas, and Mississippi have all introduced bills this session to create state IDA programs. Massachusetts filed an amendment which would have restored state IDA funding at $500,000. Unfortunately, the line item was not adopted in the House budget.

Comments

Leave a Comment

Email*

First Name*

Last Name

Title

Comment*

Formatting Help

You Type	You See
*italics*	italics
**bold**	bold
[ask google](http://google.com)	ask google
+ item 1 + item 2 + item 3	item 1 item 2 item 3
> a really cool quote from a nice person	a really cool quote from a nice person

Comment

* Required information

Preview