Reply to $1,800 per kid in Montgomery County

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Reply to "$1,800 per kid in Montgomery County"

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[quote=Anonymous][quote=Anonymous]Has he stopped to think if he's giving this to lower income families that it might make them lose other benefits like rental assistance, food stamps, wic and medical.  Make things like MC free if your push is for a college education.  Provide more vocational/trade schools in MCPS (they are cutting one).  Get the kids the right supports early on so they can be successful in MS and HS.  Throwing money at them after they haven't been successful isn't helpful.[/quote]

The Bill would create a Child Investment Fund managed
by the County’s Director of Finance. Subject to appropriations, the County would be required to
allocate $1,800 into the Fund annually for each child born in the County on or after January 1, 2024.
Money from the Fund would be invested by the County according to the Department of Finance
policies, which may be established under Method (2) regulations. Young people who were born in the
County could receive disbursements from the Fund starting at age 18, provided they are County
residents and meet certain income, wealth, and other eligibility requirements when they apply.
Disbursements could only be used for vocational or academic educational expenses; ownership of or
investment in a business located in the County; ownership of real property in the County; or
retirement investment.[/quote]

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