State Representative Marlene Anielski (R-Walton Hills) announced the passage of House Bill 391, which is legislation that creates a pilot program to encourage and increase financial literacy for students in kindergarten through the fifth grade.

House Bill 391 will fund a pilot project for the SmartOhio model at the University of Cincinnati for the 2016-2017 school year. The funds will be used for curriculum, assessment, teacher stipends, delivery, administration, and marketing of the financial literacy program. This legislation will directly impact 7,500 students a year, and once a teacher is trained, the program can be implemented year after year.

“The financial literacy program implemented at the University of Cincinnati will aid elementary schools across the state,” Rep. Anielski said.  “It is vital that we provide our young students with the best tools and resources available to ensure for both their current and future academic and financial security.”

The bill provides an appropriation of $318,000 to the Department of Higher Education for fiscal year 2017 to support the pilot program. Ohio has seven centers for economic education, located throughout all regions of the state, guaranteeing statewide implementation. Delivery of teacher training and materials will be accomplished with these economic centers.

House Bill 391 heads to the Ohio Senate to be further reviewed.

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