Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee lays over $1.5M proposal to maintain FAME savings-and-match program funding
Summary
The committee laid over House File 7,076, a bill to add $1.5 million per fiscal year to the base funding for the Family Assets for Independence in Minnesota (FAME) program. Supporters and multiple testifiers said the program helps low-income Minnesotans save for homes, small businesses and education via coaching and a cash match.
House File 7,076 — a proposal to add $1,500,000 to the base funding for the Family Assets for Independence in Minnesota (FAME) program in each fiscal year 2026–27 — was laid over for possible inclusion in a later omnibus bill after a public hearing before the House Children and Families Committee.
Vice Chair Hansen introduced the bill and described FAME as a program that provides financial coaching and a savings match to help low-income Minnesotans purchase assets such as a home, a car or education. "FAME helps Minnesotans save money for key investments that create long term financial stability," Hansen said.
David Snyder, director of FAME, told lawmakers the program triples qualifying savings up to $4,000 over two years (yielding up to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
