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HCR010.........................................................by EDUCATION
PUBLIC SCHOOLS - PERSONAL FINANCE - Stating findings of the Legislature and
urging the State Board of Education to integrate the principles of basic
personal finance into the public school curricula in Idaho.
02/07 House intro - 1st rdg - to printing
02/08 Rpt prt - to Educ
02/15 Rpt out - rec d/p - to 2nd rdg
02/16 2nd rdg - to 3rd rdg
02/19 3rd rdg - ADOPTED - 69-0-1
AYES -- Anderson, Andrus, Barrett, Bayer, Bedke, Bell, Bilbao, Black,
Block, Bock, Boe, Bolz, Brackett, Bradford, Chadderdon, Chavez, Chew,
Clark, Collins, Crane, Durst, Edmunson, Eskridge, Hagedorn, Hart,
Harwood, Henbest, Henderson, Jaquet, Killen, King, Kren, Labrador,
Lake, LeFavour, Loertscher, Luker, Marriott, Mathews, McGeachin,
Mortimer, Moyle, Nielsen, Nonini, Pasley-Stuart, Patrick, Pence,
Raybould, Ring, Ringo, Ruchti, Rusche, Sayler, Schaefer, Shepherd(2),
Shepherd(8), Shirley, Shively, Smith(30), Smith(24), Snodgrass,
Stevenson, Thayn, Trail, Vander Woude, Wills, Wood(27), Wood(35), Mr.
Speaker
NAYS -- None
Absent and excused -- Roberts
Floor Sponsor - Chadderdon
Title apvd - To Senate
02/20 Senate intro - 1st rdg - to Educ
02/28 Rpt out - rec d/p - to 10th Ord
03/02 10th Ord - ADOPTED - voice vote
Floor Sponsor - Goedde
Title apvd - to House
03/05 To enrol
03/06 Rpt enrol - Sp signed
03/07 Pres signed
03/08 To Secretary of State
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-ninth Legislature First Regular Session - 2007
IN THE HOUSE OF REPRESENTATIVES
HOUSE CONCURRENT RESOLUTION NO. 10
BY EDUCATION COMMITTEE
1 A CONCURRENT RESOLUTION
2 STATING FINDINGS OF THE LEGISLATURE AND URGING THE STATE BOARD OF EDUCATION TO
3 INTEGRATE THE PRINCIPLES OF BASIC PERSONAL FINANCE INTO THE PUBLIC SCHOOL
4 CURRICULA IN IDAHO.
5 Be It Resolved by the Legislature of the State of Idaho:
6 WHEREAS, basic personal financial management, including the principles of
7 saving, spending, credit, investment, taxes and insurance, is an essential
8 life skill necessary to the well-being of all Idahoans; and
9 WHEREAS, personal financial education is essential to ensure that individ-
10 uals are prepared to become responsible workers, heads of households, inves-
11 tors, entrepreneurs, business leaders and citizens; and
12 WHEREAS, financial education has been linked to lower delinquency rates
13 for mortgage borrowers, higher participation and contribution rates in retire-
14 ment plans, improved spending and saving habits, higher net worth, positive
15 attitudes and behavior changes; and
16 WHEREAS, the personal financial responsibility and well-being of the
17 emerging generation will be essential to the overall health and well-being of
18 Idaho's future economic and social condition; and
19 WHEREAS, a survey published in March 2005 by the National Council on Eco-
20 nomic Education showed that each year young Americans spend approximately $150
21 billion, yet they do not have a strong understanding of basic financial con-
22 cepts such as annual percentage rates, inflation and interest; and
23 WHEREAS, according to a survey on personal financial literacy administered
24 in 2005-2006 by the Jump$tart Coalition for Personal Financial Literacy, high
25 school seniors answered just more than fifty percent of the financial literacy
26 questions correctly; and
27 WHEREAS, nonprofit organizations, corporations and the federal government
28 have played a role in developing materials and curricula for use by educators.
29 NOW, THEREFORE, BE IT RESOLVED by the members of the First Regular Session
30 of the Fifty-ninth Idaho Legislature, the House of Representatives and the
31 Senate concurring therein, that we recognize the importance of basic financial
32 education and business-oriented educational programs for all our citizens,
33 especially our youth, and urge the State Board of Education, in cooperation
34 with school administrators, teachers, parents, business leaders, and concerned
35 citizens to immediately begin:
36 (1) Exploring ways to include in the public school curricula a financial
37 literacy program that includes such topics as budgeting, consumer economics,
38 insurance, saving, money management, investing principles, managing credit,
39 monetary policy, financial planning, retirement savings, consumer loans and
40 mortgages; and
41 (2) Reviewing existing financial literacy programs and materials that are
42 available, with the aim of formalizing personal financial management as a
43 requirement for graduation.
STATEMENT OF PURPOSE
RS 16906
This resolution encourages the Idaho Department of Education to
explore and review ways to integrate the Principles of Basic
Personal Finance into the Idaho Public School Curriculum and
submit a report to the Idaho Legislature.
FISCAL NOTE
Costs should be minimal.
Contact
Name: Representative Chadderdon
Phone: 332-1000
Representative Nonini
Senator Goedde
STATEMENT OF PURPOSE/FISCAL NOTE HCR 10