Budget Amendment ID: FY2014-S3-352

EDU 352

Financial Literacy Pilot Program

Messrs. Finegold, Eldridge, Knapik and Welch, Ms. Lovely, Mr. Michael O. Moore, Ms. Donoghue, Mr. Keenan, Ms. Chang-Diaz and Mr. Rodrigues moved that the proposed new text be amended in section 2, by inserting after item 7061-0333 the following item:

“7061-0928 For a competitive grant program to promote financial literacy; provided, that the program shall equip students with the knowledge and skills needed to enable students to make critical decisions regarding personal finances; provided further, that the department of elementary and secondary education shall develop a 3 year pilot program for 10 public high schools on financial literacy education for implementation for the school year beginning in 2014; provided further, that the pilot program shall be a competitive grant process for high schools in gateway municipalities, as defined in section 3A of chapter 23A of the General Laws; and provided further, that the department’s advisory committee shall prepare and submit a report describing and analyzing the implementation of the program to the chairs of the senate and house committees on ways and means and the office of the state treasurer not later than December 31, 2014………………………………………$250,000”