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On June 30, 2021, Connecticut became the first state in the United States to enact a baby bond program. [17] The plan establishes an initial $3,200 for each baby born in Connecticut who's enrolled in the medicaid program. They'll then have access to the money once becoming adults for a qualified expense, such as college or mortgage down-payment.
Shawn Wooden, Connecticut State Treasurer, joins Yahoo Finance Live to discuss the introduction of Connecticut’s baby bonds program and how it combats the anti-poverty and aid in racial equity.
For years, Democrats have championed the notion of so-called baby bonds, money the government puts aside for children at birth to give them a boost after they graduate from high school. Now states ...
After Connecticut State Treasurer Shawn Wooden announced that he would not run for reelection in the 2022 Connecticut State Treasurer election, Russell announced his candidacy to succeed him. [7] He defeated Dita Bhargava and Karen DuBois-Walton in the Democratic Party primary election in August, receiving 58 percent of the vote. [8]
The following is a list of events of the year 2022 in Connecticut. Incumbents. State government. Governor: Ned Lamont ; Events. October 12 ...
Baby bonds, though, are issued in smaller denominations than most other types of corporate bonds, which can make them seem like an easy way to access the bond markets. But a smaller investment ...
House Bill 5414, passed by the Connecticut General Assembly and signed into law by that U.S. state's Governor, Ned Lamont, on May 5, 2022, as the Reproductive Freedom Defense Act, [1] [2] is intended to protect abortion in the state and expand the procedure's availability.
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