PRINTER'S NO. 352
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE RESOLUTION
No.
22
Session of
2015
INTRODUCED BY WILLIAMS, TEPLITZ, FONTANA, SCHWANK, HUGHES,
FARNESE, COSTA, SMITH, FOLMER, AUMENT, GREENLEAF, YUDICHAK
AND KITCHEN, FEBRUARY 12, 2015
REFERRED TO EDUCATION, FEBRUARY 12, 2015
A RESOLUTION
Directing the Legislative Budget and Finance Committee to study
the costs associated with the State's establishment K-12
academic standards for the instruction of personal finance
education and conducting a study of the funding models used
by other states with comparable programs.
WHEREAS, It is imperative in today's information-based
economy for all citizens to have a basic understanding of
personal financial management; and
WHEREAS, Section 1551 of the act of March 10, 1949 (P.L.30,
No.14), known as the Public School Code of 1949, was enacted on
November 17, 2010, and requires the Department of Education to
provide educators with curriculum materials and other resources
on economic education and personal financial literacy; and
WHEREAS, Section 1551(c) of the Public School Code of 1949
establishes a task force to assess the trends and needs in
economic education and personal finance, to consider the manner
in which any funds are used to support those topics and to
recommend to the Governor and the General Assembly legislative
or regulatory changes to improve economic education and personal
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financial literacy for the Commonwealth's K-12 students; and
WHEREAS, Pursuant to section 1551(c), the task force, known
as the Pennsylvania Task Force on Economic Education and
Personal Financial Literacy Education, recommended that:
(1) every high school student be required to complete a
stand-alone capstone course on personal finance in order to
graduate;
(2) Pennsylvania adopt comprehensive, stand-alone
academic standards devoted to personal finance;
(3) dedicated funding is provided to support high
quality K-12 personal finance instruction and teacher
training; and
(4) financial education instructional endorsement for
secondary teachers be developed with corresponding program
guidelines for professional educator programs;
and
WHEREAS, The task force reviewed methods of funding financial
literacy programs from several other states, including Missouri,
Tennessee and Washington; therefore be it
RESOLVED, That the Legislative Budget and Finance Committee
be directed to conduct a study that explores the costs
associated with establishing and implementing comprehensive,
stand-alone K-12 academic standards devoted to personal finance
and includes a Pennsylvania high school student and
corresponding educator training and instructional endorsement;
and be it further
RESOLVED, That the Legislative Budget and Finance Committee
review various models of funding mechanisms used in the
establishment of financial literacy and economic education in
other states or entities; and be it further
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RESOLVED, That the Legislative Budget and Finance Committee
develop a report in consultation with staff from the Education
Committee of the Senate and staff from the Treasury Department,
Office of Financial Literacy and Strategic Initiatives; and be
it further
RESOLVED, That the Legislative Budget and Finance Committee
report its findings to the Senate within six months following
the adoption of this resolution.
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