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File #: Ord 19-74    Version: 1 Name:
Type: Ordinance Status: Passed
In control: City Council
Final action: 1/8/2020
Title: Amending Chapter 2.02 of the Administrative Code by creating the Office of Financial Empowerment.
Sponsors: Amy Brendmoen, Mitra Jalali, Dai Thao, Kassim Busuri, Jane L. Prince, Rebecca Noecker, Chris Tolbert
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
1/15/20201 Mayor's Office Signed  Action details Meeting details Not available
1/8/20201 City Council AdoptedPass Action details Meeting details Video Video
12/18/20191 City Council Public Hearing Closed; Laid Over to Fourth Reading/Final AdoptionPass Action details Meeting details Video Video
12/11/20191 City Council Laid Over to Third Reading/Public Hearing  Action details Meeting details Video Video
12/4/20191 City Council Laid Over to Second Reading  Action details Meeting details Video Video
Title

Amending Chapter 2.02 of the Administrative Code by creating the Office of Financial Empowerment.

Body

WHEREAS, many residents in the City of Saint Paul experience profound financial insecurity; and

WHEREAS, 16% of Saint Paul residents experience income poverty where they earn income under the federal poverty threshold; and

WHEREAS, 40% of households in Saint Paul experience liquid asset poverty where they do not have sufficient liquid assets to subsist at the poverty level for at least three months in the absence of income; and

WHEREAS, 22% of Saint Paul residents live in zero or negative financial net worth households; and

WHEREAS, 37% of all Saint Paul households are housing cost-burdened, spending at least 30% of their monthly income on rent or mortgage; and

WHEREAS, Saint Paul is renter-majority household city, and 51% of renters are housing cost-burdened; and

WHEREAS, the City of Saint Paul recognizes these realities are often rooted in historic disinvestment by public and private institutions that must be undone; and

WHEREAS, Mayor Carter has established economic justice as a core pillar of his vision for creating a city that works for everyone; and

WHEREAS, the City of Saint Paul establishes the Office of Financial Empowerment to advance an economy that extends prosperity to all Saint Paul residents; and

WHEREAS, the Office of Financial Empowerment is being created with the following goals: to help Saint Paul residents achieve financial health; to help Saint Paul neighborhoods achieve community wealth; to ensure Saint Paul residents live in stable, accessible, fair, and equitable communities; and to ensure Saint Paul community members are engaged in community and public decision-making; and

WHEREAS, the Office of Financial Empowerment will improve resident financial health and community wealth through integrated financial empowerment programs and policies, including college savings accounts, banking access, financial coun...

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Date NameDistrictOpinionCommentAction
12/16/2019 1:27 PMSharon Anderson Against Another Bloated Agencys Duplication costing Taxpayers, used apparantly to create a Job for Stark Sanctuary City cannot afford all these newly created Agencies, Look at the Mess DSI HAS created http://taxthemax.blogspot.com