by Kenzie Strange
State Treasurer Mike Pieciak hopes to borrow an idea from in Georgia and Connecticut, that, if put into effect, could provide low income Vermont natives a chunk of cash when they start adult life. The program is called Baby Bonds, and the idea is to invest a few thousand dollars on behalf of every child born in Vermont to parents who are on Medicaid. The money, which could be used to help them get started in life, would be theirs when they turn 18.
In an interview Monday, Mr. Pieciak said he hopes to roll out a pilot for the program that would give $12,000 to each to 150 18-year-olds in the Northeast Kingdom, who meet the program’s guidelines. …
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