RES 190 Draft 01 2020-2022 - Laserfiche WebLink

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�JMtY OF M,7 i COUNTY OF HAWAII �* STATE OF HAWAII TE OFN' RESOLUTION NO. A RESOLUTION URGING THE HAWAII STATE LEGISLATURE TO CONTINUE PURSUING LEGISLATION THAT ENCOURAGES THE DEPARTMENT OF EDUCATION TO DEVELOP A CURRICULUM FOR FINANCIAL LITERACY AND INCLUDE THESE TEACHINGS AS A COURSE REQUIREMENT FOR EACH STUDENT BY 2022. WHEREAS, financial literacy is the knowledge, skills, and access capacity of individuals to manage their financial resources effectively; and WHEREAS, the COVID-19 pandemic precipitates the need for Hawaii youth and young adults to learn financial resilience so that they may have access to and an understanding of financial products, services and concepts while making informed choices, avoiding pitfalls, and improving their long-term potential for financial well-being; and WHEREAS, a recent State resolution indicates that Hawaii ranks among the ten states with the lowest level of high school financial literacy in the nation; and WHEREAS, in 2015, the Legislature requested the Department of Education to establish a Hawaii public schools financial literacy task force; and WHEREAS, the task force submitted a report to the Legislature recommending the implementation of a financial literacy program in schools; and WHEREAS, on April 20, 2021, the State legislature adopted Senate Concurrent Resolution 1525 urging the Department of Education to coordinate with the Department of Commerce and Consumer Affairs to implement a graduation requirement of at least half credit in financial literacy during the junior or senior year of high school; and WHEREAS, introduced in 2021, State Senate Bill 1004 proposes that the Department of Education "shall require the teaching of financial literacy to be included in the existing personal/transition plan requirement for each student" but the bill did not advance from conference committee and remains active for the 2022 legislative session; now, therefore, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that it urges the Hawaii State Legislature to continue pursuing legislation that encourages the Department of Education to develop a curriculum for financial literacy and include these teachings as a course requirement for each student by 2022.