Bill Text: NJ S4321 | 2024-2025 | Regular Session | Introduced
Bill Title: Requires State Board of Education to require school districts to provide age-appropriate financial literacy instruction to students in grades kindergarten through five.
Sponsorship: Partisan Bill (Democrat 2)
Status: (Introduced - Dead) 2025-05-12 - Introduced in the Senate, Referred to Senate Education Committee [S4321 Detail]
Download: New_Jersey-2024-S4321-Introduced.html
Sponsored by:
Senator ANGELA V. MCKNIGHT
District 31 (Hudson)
Senator RENEE C. BURGESS
District 28 (Essex and Union)
SYNOPSIS
Requires State Board of Education to require school districts to provide age-appropriate financial literacy instruction to students in grades kindergarten through five.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning financial literacy instruction and supplementing chapter 35 of Title 18A of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. The State Board of Education shall require that a school district incorporate age-appropriate financial literacy instruction in an appropriate place in the curriculum of students enrolled in grades kindergarten through five.
b. The instruction shall be age-appropriate, and shall include content on budgeting, savings, credit, debt, banking, and consumer skills, as appropriate, as well as other issues associated with personal financial responsibility as determined by the State board.
c. The Commissioner of Education shall provide school districts with sample instructional materials and resources that may be used to support the implementation of the financial literacy instruction required pursuant to subsection a. of this section.
2. This act shall take effect immediately and shall first apply to the first full school year following the date of enactment.
STATEMENT
This bill stipulates that the State Board of Education is to require a school district to incorporate age-appropriate financial literacy instruction in an appropriate place in the curriculum of students enrolled in grades kindergarten through five. Current law requires financial literacy instruction to be incorporated in an appropriate place in the curriculum of students enrolled in grades six through eight.
The bill provides that the instruction is to be age-appropriate, and is to include content on budgeting, savings, credit, debt, banking, and consumer skills, as appropriate, as well as other issues associated with personal financial responsibility as determined by the State board.
The bill requires the Commissioner of Education to provide school districts with sample instructional materials and resources that may be used to support the implementation of the financial literacy instruction required by the bill.
