City of Baltimore - File #: 09-0129R

• File #: 09-0129R
• Version: 0
• Name: Financial Literacy - Requirement for Graduation from Baltimore City Schools
• Type: City Council Resolution
• Status: Adopted
• File created: 4/27/2009
• In control: Education Committee
• Final action: 8/10/2009
• Title: Financial Literacy - Requirement for Graduation from Baltimore City Schools FOR the purpose of requesting the New Board of School Commissioners and the CEO of Baltimore City Schools to examine the feasibility of requiring students to pass a course in financial literacy to graduate from Baltimore City schools.
• Sponsors: Helen L. Holton, Bill Henry, James B. Kraft, Edward Reisinger, Nicholas C. D'Adamo, William H. Cole, IV, Agnes Welch, Warren Branch, Mary Pat Clarke, President Young, Rochelle Spector, Sharon Green Middleton
• Indexes: Financial, Literacy, Resolution

Date	Ver.	Action By	Action	Result
8/10/2009	0	Education Committee	Recommended Favorably
8/10/2009	0	City Council	Amended
8/10/2009	0	City Council	Adopted
5/18/2009	0	Education Committee	Scheduled for a Public Hearing
4/30/2009	0	The City Council	Referred for a Report
4/30/2009	0	The City Council	Referred for a Report
4/27/2009	0	City Council	Introduced
4/27/2009	0	City Council	Assigned

* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*

CITY OF BALTIMORE
COUNCIL BILL R
(Resolution)

Introduced by: Councilmember Holton

A RESOLUTION ENTITLED

A COUNCIL RESOLUTION concerning
title
Financial Literacy - Requirement for Graduation from Baltimore City Schools

FOR the purpose of requesting the New Board of School Commissioners and the CEO of Baltimore City Schools to examine the feasibility of requiring students to pass a course in financial literacy to graduate from Baltimore City schools.
body
Recitals

On March 2, 2007, the Maryland Coalition for Financial Literacy, a division of the Maryland Council on Economic Education, a non-profit with 50 years experience in teacher training in the field of economics, was successful in securing the adoption of a Senate Resolution: “We urge county boards of education to integrate the principles of basic personal finance into the curriculum and instruction established for their local school system and urge county boards of education to implement certain standards as part of a student’s eligibility to graduate from a public high school and receive a high school diploma.”

The evidence to support a financial literacy graduation requirement included:

· The majority of college students say they learn the most about personal finance from their parents, but less than ½ of students say their parents make a consistent, conscientious effort to teach them.

· Nearly 2/3rd (63%) of the parents surveyed say they definitely see personal finance education as their respon...