ADOPTED - AUGUST 26, 2008

Agenda Item No. 22

 

Introduced by the County Services and Finance Committees of the:

 

INGHAM COUNTY BOARD OF COMMISSIONERS

 

RESOLUTION TO PROVIDE FUNDING FOR THE ASSET INDEPENDENCE COALITION EFFORTS IN FINANCIAL EDUCATION

 

RESOLUTION #08-223

 

WHEREAS, the Asset Independence Coalition (AIC), under the umbrella of the Power of We Consortium (Ingham County Human Services Collaborative), coordinates financial education efforts, including Income Tax Preparation for low and moderate income citizens; and

 

WHEREAS, the AIC’s efforts have been funded and carried out by an ad hoc working group of non-profits in the tri-county area; and

 

WHEREAS, the group has successfully assisted thousands of taxpayers with refunds from the Earned Income Tax Credit and is expanding efforts in financial education; and

 

WHEREAS, these efforts have expanded through a part-time coordinator position hosted and administered by the United Way and would further benefit from additional time and resources, and would benefit low income taxpayers; and

 

WHEREAS, the Ingham County Treasurer and Lansing Mayor have laid the groundwork for a Bank on Lansing initiative to assist the unbanked and coordinate educational efforts toward financial literacy; and

 

WHEREAS, these efforts assist the economic condition of those most impacted by the economy and the financial education efforts help with the payment of delinquent taxes.

 

THEREFORE BE IT RESOLVED, that the County Board of Commissioners authorizes additional funding for the coordination efforts at $37,000 to be expended from the Delinquent Tax Administration Fund (516-25601) to assist with the Bank on Lansing initiative and financial education.

 

BE IT FURTHER RESOLVED, that the County Controller is directed to make all necessary budget adjustments consistent with this resolution.

 

COUNTY SERVICES:  Yeas:  Nolan, De Leon, Copedge, Grebner, Severino

   Nays:   None             Absent:  Soule   Approved  8/19/08

 

FINANCE:  Yeas:  Grebner, Hertel, Weatherwax-Grant, Celentino, Schor, Dougan

   Nays:  None              Absent:  None             Approved  8/20/08