Kentucky State Treasurer Allison Ball is leading an initiative for better financial understanding, resulting in the financial empowerment bill that will affect students entering the ninth grade in 2020.
Treasurer Ball spoke to the Pennyrile Area Development District meeting Monday afternoon to give details on her push to increase financial understanding in high schoolers across the state. The initiative, known as House Bill 132, was introduced in the Kentucky House of Representatives in January of 2018. The bill was then signed into law by Governor Bevin in April of that year. HB 132 requires all students to complete a financial literacy program or course prior to graduation.
Ball says her office established a commission to fund the financial literacy programs in school for the next three years.
She notes during that time, the program will be funded by the private sector, without the use of taxpayer dollars.For financial resources from the treasurer’s office, visit treasury.ky.gov.
(Story by Hannah Crisp)
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