SACRAMENTO (CBS13) — A state bill is hoping to give every California-born child a savings account to kick start their future.
Assemblymember Adrin Nazarian (D-San Fernando Valley) authored the bill which would automatically enroll each child in the program with an initial deposit of at least $25.
The money would come from the state budget and private investments. San Francisco, Oakland, and Los Angeles have already started their own local child savings account programs.
Nazarian also has a bill making its way through the legislature that would provide additional reimbursement to schools that serve a plant-based entree or milk option for kids.
The bill would allow schools to apply for funding for reimbursement of up $0.20 per meal that includes a plant-based option or up to $0.10 per meal that includes a plant-based milk option, or both.
The goal of the bill is to fight student obesity and reduce the state’s carbon footprint.