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Appropriations panel approves bill to require financial literacy be included in existing graduation courses
Summary
House Bill 1192 requires school districts to include a financial literacy curriculum within an existing graduation requirement; committee approved the measure on a 5-2 vote and discussed funding to help rural districts implement the change.
The Senate Appropriations Committee voted 5-2 to advance House Bill 1192, which requires school districts to include a state-created financial literacy curriculum within an existing course that is required for high school graduation.
Sponsor Senator Bridges said the bill "essentially requires that some kind of financial literacy course be included inside of an existing requirement for graduation," clarifying it does not create a new standalone graduation requirement.
Committee members discussed a fiscal plan to support districts, especially small and rural districts, in standing up the curriculum. Senator Bridges said the bill includes about $200,000 in general fund support to help districts implement the courses and a 0.1 FTE in the Department of Higher Education for data systems. Bridges said the money would be used to support districts "that don't have the resources to just send out maybe their one social studies teacher to go out and get up to speed."
Senator Kirkmeyer questioned the fiscal assumptions and asked why the department needed the 0.1 FTE and the amount of general fund support. After discussion, Chairman's clerk Mr. Burmeister called the roll and the committee approved the measure by a 5-to-2 margin.
The committee recorded aye votes from Senators Gonzales, Kolker, Liston, the vice chair and the chair; Senators Kirkmeyer and Lundin voted no. With committee approval, the bill moves forward for further consideration.
