MADISON – Today, State Representative Robyn Vining (D-Wauwatosa) and State Senator Kelda Roys (D-Madison) introduced legislation to establish a Baby Bonds program for babies born to Medicaid eligible families in Wisconsin. The state would invest in bonds worth $3,000, and access to these funds would be granted at 18. The money could be used to buy a home, pursue higher education, start a business, contribute toward retirement or investments, or pay for childcare. Rep. Robyn Vining released the following statement:
“Wisconsinites deserve economic security and opportunity, and that includes our kids. Baby bonds are an investment in the future of our state–so Wisconsin’s children can have access to the opportunities like buying a home, attending and graduating from one of our incredible higher education institutions, or starting a small business in the community they love. These early investments can empower Wisconsin children to achieve economic stability to live their lives to their full potential.
“Wisconsinites deserve every opportunity to thrive, and investing in our kids is investing in the future of our economy and the future of our state. Let’s make these investments so we can move forward, together.”
Rep. Vining represents the 13th Assembly District, which includes Elm Grove, and parts of Wauwatosa and Brookfield. For more information visit Rep. Vining’s website here.
