City of Baltimore - File #: 06-0211R

• File #: 06-0211R
• Version: 0
• Name: Promoting Financial Literacy in Baltimore City Public Schools
• Type: City Council Resolution
• Status: Failed - End of Term
• File created: 9/18/2006
• In control: City Council
• Final action: 12/5/2007
• Title: Promoting Financial Literacy in Baltimore City Public Schools FOR the purpose of urging the Baltimore City Public School System to begin promoting the idea of financial literacy among students and to utilize Operation Hope's "Banking on the Future" Campaign by introducing the concept of financial literacy in schools in order to teach students the idea of fiscal responsibility from a young age.
• Sponsors: Keiffer Mitchell, President Dixon, Nicholas C. D'Adamo, Robert Curran, President Young, Helen L. Holton, Agnes Welch, Edward Reisinger, Mary Pat Clarke, James B. Kraft
• Indexes: Financial, Literacy, Resolution

Date	Ver.	Action By	Action	Result
6/4/2007	0	Education Committee	Scheduled for a Public Hearing
5/7/2007	0	Education Committee	Scheduled for a Public Hearing
4/23/2007	0	The City Council	Reassigned
9/21/2006	0	The City Council	Referred for a Report
9/21/2006	0	The City Council	Referred for a Report
9/18/2006	0	City Council	Introduced
9/18/2006	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 Mitchell


A RESOLUTION ENTITLED

A COUNCIL RESOLUTION concerning
Title
Promoting Financial Literacy in Baltimore City Public Schools

FOR the purpose of urging the Baltimore City Public School System to begin promoting the idea of financial literacy among students and to utilize Operation Hope's "Banking on the Future" Campaign by introducing the concept of financial literacy in schools in order to teach students the idea of fiscal responsibility from a young age.
Body
Recitals

Financial literacy is a concept that has gained some traction among educators as a way to teach students the idea of fiscal responsibility from a young age. Financial literacy is especially important today with personal savings rates a their lowest levels in decades and with personal bankruptcies on the rise. Baltimore City Schools should take the step that many other school districts have taken. In 2005, the Virginia General Assembly mandated that students were to be instructed on the principles of the American economic system in order to promote "economics education and financial literacy". The Assembly further expounded on the objectives of this path of educations by adding that this program should teach:

* Education and personal living finances

* Learning about personal and business money management

* Learning how to open a bank account and how to differentiate banks in terms of services offered

...