header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather


 
Calendar
Today in
S.C.V. History
July 16
1925 - Actor Harry Carey files patent on the original 160-acre Saugus homestead he'd purchased in 1916 (now Tesoro Del Valle) [story]
Harry Carey


money-2696238_1280California State Superintendent of Public Instruction Tony Thurmond celebrated the passage of Assembly Bill (AB) 2927 (McCarty) Thursday through the California State Senate, which would make California the 26th state in the union to require personal finance as a high school graduation requirement. The bill is expected to receive concurrence in the Assembly and support from Gov. Gavin Newsom in order to become law.

This victory marks the culmination of a two-year effort by Superintendent Thurmond to bring personal finance education to all students across the state of California. Superintendent Thurmond has led a coalition of voices—including students, families, educators, experts, and policymakers—who have elevated financial education as a key issue of economic justice. In 2022, Superintendent Thurmond announced $3.6 billion in state funding and $1.4 million in free access to professional development to support the training of teachers in personal finance instruction. He also announced the recruitment of a Finance Education Task Force during a Personal Finance Summit held at the California Department of Education (CDE) earlier this year.

AB 2927, sponsored by Superintendent Thurmond, will add the completion of a one-semester course in personal finance to California’s high school graduation requirements commencing with pupils graduating in the 2030–31 school year.

“Our young people need and deserve a clear understanding of personal finance so that they can make educated financial choices and build stable, successful futures for themselves and their future families,” Superintendent Thurmond said. “By adding personal finance to our high school graduation requirements, we acknowledge that managing household finances and building financial stability are essential life skills. Every child should have the opportunity to build these essential skills before navigating adult financial choices, not just those who happen to have the opportunity to learn these concepts at home or through an elective.”

The bill will require local educational agencies (LEAs) to offer a stand-alone, one-semester course in personal finance at every high school starting in the 2027–28 school year. The content and structure of this requirement will be guided by the expertise of classroom teachers through a process that will involve the Instructional Quality Commission (IQC) and that will be led by Superintendent Thurmond and the CDE. LEAs will also be authorized to require a full-year course in personal finance rather than a one-semester course.

According to Next Gen Personal Finance, 25 other states currently require at least one semester of instruction in personal finance. The increasing inclusion of personal finance as an educational requirement comes at a time when the class identities of Americans have struggled to rebound since the Great Recession, according to Gallup’s annual Economy and Personal Finance poll. Personal finance education emphasizes a strong understanding of money management concepts that allow individuals to manage income and assets to build personal financial stability and intergenerational wealth.

The function of education as an engine for economic mobility is personally important to Superintendent Thurmond, who experienced childhood poverty and food insecurity, and who was able to build a career in public service thanks to a quality public education.

Superintendent Thurmond has championed efforts to ensure that all of California’s students receive high-quality educational opportunities that prepare them to build stable, successful futures in the twenty-first century. In addition to personal finance, He has also supported the inclusion of computer science in California’s high school curricula, as well as opportunities to take career-ready coursework through Career Technical Education (CTE) pathways.

For more information about California’s existing high school graduation requirements and course offerings, visit the CDE High School web page.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


SCV NewsBreak
LOCAL NEWS HEADLINES
Monday, Jul 15, 2024
Registration Now Open for Annual River Rally Cleanup
Registration for the 29th annual River Rally Cleanup and Environmental Expo is officially open. This is an opportunity for Santa Clarita volunteers of all ages to help clean up a portion of the Santa Clara River, one of the last natural, free-flowing river systems in Southern California.
Monday, Jul 15, 2024
Sept. 28: SCAA Hosting 34th Annual Art Classic
Don’t miss the Santa Clarita Artists Association’s annual Art Classic Gala - the largest celebration of fine arts in the Santa Clarita Valley - Sept. 28, from 1 p.m. to 5 p.m., at The Center.
Monday, Jul 15, 2024
CSUN Honors Mother’s Sacrifices with New Scholarship
Jhoanna Serrano left the Philippines for the United States at just 18 years old, hoping to give her then-2-year-old daughter, Jean Pauline, a better future.
Keep Up With Our Facebook

Latest Additions to SCVNews.com
1925 - Actor Harry Carey files patent on the original 160-acre Saugus homestead he'd purchased in 1916 (now Tesoro Del Valle) [story]
Harry Carey
Registration for the 29th annual River Rally Cleanup and Environmental Expo is officially open. This is an opportunity for Santa Clarita volunteers of all ages to help clean up a portion of the Santa Clara River, one of the last natural, free-flowing river systems in Southern California.
Registration Now Open for Annual River Rally Cleanup
Don’t miss the Santa Clarita Artists Association’s annual Art Classic Gala - the largest celebration of fine arts in the Santa Clarita Valley - Sept. 28, from 1 p.m. to 5 p.m., at The Center.
Sept. 28: SCAA Hosting 34th Annual Art Classic
Jhoanna Serrano left the Philippines for the United States at just 18 years old, hoping to give her then-2-year-old daughter, Jean Pauline, a better future.
CSUN Honors Mother’s Sacrifices with New Scholarship
The Master’s University Chorale, one of the school’s marquee music performance ensembles, toured through Texas this summer.
TMU School of Music Sends Chorale on Texas Tour
Saugus High School Instrumental Music Booster Club is inviting the community to help those in need with its Clothes for Cash continues Saturday, July 20, from 9 a.m. to 1 p.m.
Saugus High Music Club Clothes for Cash Campaign Continues
In celebration of a new partnership with Chef Tony Gemignani, the 13-time World Pizza Champion and the undisputed greatest pizza maker in modern history, Princess Cruises, recognized for the Best Pizza at Sea, established a new Guinness World Records Title Monday for “World’s Largest Pizza Party” at multiple venues aboard its fleet of Love Boats with hungry guests devouring more than 60,000 slices of fresh-from-the-oven pizza prepared by the line’s master chefs.
Princess Cruises’ Pizza Party Sets New Guinness World Record
The GSAC has announced several changes that go beyond the new schools that have joined the conference.
GSAC Ushers In New Era
The city of Santa Clarita’s Film Office has released the list of six productions currently filming in the Santa Clarita Valley for the week of Monday, July 15 - Sunday, July 21.
Filming in Santa Clarita Includes Six Productions
Santa Clarita consistently earns recognition as one of the best places to live in the nation, boasting a high quality of life, strong safety record and a business-friendly atmosphere.
Ken Striplin | 2024 Public Opinion Poll
During its annual business meeting in June, the Unitarian Universalist Congregation of Santa Clarita passed a resolution regarding Chiquita Canyon Landfill.  
Local Congregation Urges Protection from Chiquita Canyon Landfill
1891 - R.E. Nickel publishes area's first newspaper, The Acton Rooster [story]
Acton Rooster
1769 - Portolá party sets out from San Diego; first Europeans to "discover" Santa Clarita Valley 3½ weeks later [story]
Gaspar de Portola
1884 - Hardison & Stewart start drilling Star No. 1 oil well in Pico Canyon; later form Union Oil Co. [story]
Lyman Stewart
The regular meeting of the William S. Hart Union High School District’s Governing Board will be held Wednesday, June 5, beginning with closed session at 6 p.m., followed immediately by the public session at 7 p.m.
July 17: Hart Governing Board Regular Meeting
The Santa Clarita Planning Commission will hold its regular meeting Tuesday, July 16, at 6 p.m., in City Hall's Council Chambers to hold a public hearing on the development proposal for the Riverview project, which is slated for the Saugus Speedway property.
July 16: Planning Commission Public Hearing on Speedway Property
The city of Santa Clarita, in partnership with SCVTV, has released the fourth episode of "Santa Clarita Spotlight," a Shop Local series dedicated to promoting and celebrating the diverse range of local businesses within the city. If you’re looking to shake up your workout routine tune in to the latest episode.
Santa Clarita Spotlight to Highlight Fitness
Valencia Marketplace’s annual free summer concerts will be held Friday evenings 6-8 p.m.
Free Summer Sunset Concerts at Valencia Marketplace
With a 5-0 vote Tuesday night, the Santa Clarita City Council unanimously approved an agreement with the County of Los Angeles to transfer ownership of William S. Hart Park to the city.
City OK’s Formal Plan to Take Over Hart Park
Child & Family Center will present its annual Purple Walk Domestic Violence Awareness 5K on Saturday, Oct. 12 from 8-11 a.m.
Oct. 12: Child & Family Center Purple Walk Domestic Violence Awareness 5K
The Placerita Canyon Nature Center Associates will present the monthly Community Nature Education Series program on Sunday, July 21 at 2 p.m.
July 21: Placerita Canyon Community Nature Education Series
A portion of the parking lot at Santa Clarita City Hall is closed due to the installation of solar panels to enhance energy efficiency.
Visitor Parking at City Hall Relocated
The city of Santa Clarita has shared the results of the 2024 Public Opinion Poll. Results reveal high levels of community satisfaction and highlight the key issues that matter most to residents.
Santa Clarita 2024 Public Opinion Poll Highlights
The city of Santa Clarita annual Road Rehab Program has begun and motorists are advised that overlay work will continue on Whites Canyon Road between Delight Street and Soledad Canyon Road.
Road Rehab Continues on Whites Canyon Road
SCVNews.com