Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the Employee Financial Literacy topic

No spam. Unsubscribe anytime.

Commissioners consider countywide financial‑literacy benefit for employees; three‑year SmartDollar quote discussed

2627615 · January 13, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Road and Bridge and other department heads presented a voluntary financial literacy program for employees (SmartDollar/Financial Peace model) and requested time to review a vendor proposal; no countywide commitment was made on Jan. 13.

County department heads presented a proposal to offer an online financial‑literacy benefit to county employees using a SmartDollar (Financial Peace/SmartDollar model) platform.

Presenters described program components — a mobile‑friendly budgeting app, tax‑filing tools, curricula, one‑on‑one coaching and Spanish language resources — and said participating employers have seen lower turnover. The presenters said a three‑year plan would cost about $6,192 per year (roughly $18,600 total) to cover up to 99 employees; a county‑wide purchase would modestly increase the enrollment base but would not proportionally raise the price. For smaller participation limited to a couple of departments, the presenters estimated roughly $5,000 for a three‑year commitment.

The presenters emphasized the program is voluntary and largely self‑paced; most employees would use personal devices outside work hours though departments could optionally show short videos at a safety meeting. Commissioners asked for materials and said staff should forward the vendor email and supporting attachments; no formal commitment or vote was recorded at the meeting. County staff planned a follow‑up virtual meeting with the vendor to answer questions.

Ending: Commissioners did not adopt the program at the Jan. 13 meeting; staff will supply the vendor materials and may invite commissioners to a scheduled vendor call.