Live Webinar Viewing of the AFN national presentation, Asset Preservation Strategies: How Fines and Fees Strip Wealth from Low-Income Communities, organized by the Bay Area Asset Funders Network.
Note - this event is open to a grantmaker audience only.
The California Wellness Foundation
575 Market St # 1850
San Francisco, CA 94105
Wednesday, July 19, 2017
9:30 a.m. - 10:00 a.m.: Registration; Continental Breakfast & Networking
10:00 a.m. - 11:00 a.m.: Live Viewing of the AFN National Webinar - Asset Preservation Strategies: How Fines and Fees Strip Wealth from Low-Income Communities
11:15 a.m. - 12:15 p.m.: Funder Discussion
New Research reveals that more than $50 billion in debt from fines and fees is currently being held by approximately 10 million people because of their involvement in the criminal justice system. Activities that trigger fines and fees range from minor offenses such as parking tickets to court fees or other fees associated with children in the juvenile justice system.
Much of this judicial debt is not collected because low-income people simply do not have the money to pay fines and fees; this, in turn, causes state and local governments to spend more on the expense of trying to collect on these fees than what they take in. This vicious cycle disproportionally impacts the most financially vulnerable people and communities and plays a role in the growing racial wealth gap in our country.
Government-imposed fines and fees are part of a long history of policies which strip assets from low-income people and erect barriers to them being able to build assets over time.
You are invited to join us on Wednesday, July 19, 2017 for an in-person viewing of the live webinar Asset Preservation Strategies: How Fines and Fees Strip Wealth from Low-Income Communities. Together we'll learn about the latest research and strategies that state and local leaders can use to ensure that judicial fines and fees do not contribute to burdensome debt, housing and employment barriers, and an increase in imprisonment and recidivism for low-income communities and people of color. We'll explore investment strategies that decrease wealth stripping policies and preserve assets for low-income individuals, particularly people of color, which ultimately helps reduce the racial wealth gap.