Reminder: Informational Hearing and Community Financial Fair

Strategies to Help Working Families Thrive During Tough Economic Times
Informational Hearing and Community Financial Fair

Thursday, August 18, 2011
3:00 p.m. – 7:00 p.m.
City Hall
7100 S. Garfield Avenue
Bell Gardens, CA

Americans are facing major financial challenges at a time when elected public officials are dealing with record budget gaps and cutting back on public services. For vulnerable families, financial hardship is magnified by job insecurity and volatile family incomes. In fact, an estimated thirty percent of Californians lack enough savings to get by for three months in the event of a job loss. Millions more lack basic financial products and services making it difficult to save, expensive to cash paychecks and pay bills, and challenging to keep money safe.

The need to advance innovative financial empowerment policies at all levels of government is clear, and by coming together and sharing proven strategies, we can help hardworking Californians get back on solid financial footing. To achieve this goal we must first identify barriers and facilitate opportunities, including implementing public policies that promote and support asset building and asset preservation throughout California.

Join the California Legislative Select Committee on Financial Empowerment and the New America Foundation for this timely discussion. The informational hearing will be followed by a community financial fair.

AGENDA

3:00 pm – Welcome Remarks and Introduction of Committee Members
• Assembly Member Ricardo Lara (D-Bell Gardens)
Chair, Select Committee on Financial Empowerment
• Legislative Committee Members
3:15 pm – Big Picture: The Power of Assets During & After the Economic Downturn
• Orson Aguilar, Executive Director, Greenlining Institute
• Victor Corral, Program Manager, Closing the Racial Wealth Gap Initiative, Insight Center for Community Economic Development
• Lance Triggs, Executive Vice President, Operation HOPE
• Open Public Comment
3:45 pm – State Programs and Policy Options for Achieving Financial Stability
• Olivia Calderon, California Legislative Director, New America Foundation
• Pete Manzo, CEO, United Ways of California
• Ernie Powell, Advocacy Manager, AARP California
• Open Public Comment
4:15 pm – Local Innovation: Lessons from Cities for Financial Empowerment & Beyond
• Jose Cisneros, Treasurer, City of San Francisco
• Victor Ramirez, Community Relations Officer, Citibank
• Lisa Salazar, Acting Chief, City of Los Angeles Community Development Department Operations Division
• Open Public Comment
4:45 pm – Next Steps and Closing Remarks
• Assembly Member Ricardo Lara (D-Bell Gardens)
Chair, Select Committee on Financial Empowerment
• Open Public Comment
5:30 pm – Community Financial Fair
• Participants include: AARP CA, Bank of America, Bank on LA, California Franchise Tax Board, California State Board of Equalization, California State Controller’s Office, ClearPoint Credit Counseling, EARN, Employment Development Department, GLOW, HOPE NY, Kinetca, Los Angeles County Department of Consumer Affairs, Los Angeles Urban League, New America Foundation, NEW Economics for Women, NuVision, and the Office of Assemblymember Ricardo Lara.

To RSVP or for questions, contact Luis Sanchez at Luis.Sanchez@asm.ca.gov or (916) 319-2050.

www.NewAmerica.net

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