Baltimore Council Instructs Schools to Raise Financial IQ's
Although media determined that the most important item out of last night's Baltimore City Council meeting was 3rd District Councilmember Robert Curran's proposal to ban large political signs from residential neighborhoods (06-0515 Campaign Signs in Residential Areas - Size), a largely unnoticed measure promises benefits of far greater proportions.
Promoting Financial Literacy in Baltimore City Public Schools (06-0211R) would urge the school system to develop a financial literacy program to teach kids how best to manage their income and assets when they reach adulthood. It is likely to pass.
The bill, sponsored by the 11th District's Keiffer J. Mitchell, Jr., seeks to address a problem with devastating consequences for many Baltimoreans. Too many residents are unequipped with the knowledge and skills needed to successfully manage their financial lives. Not only does this result in the poor monetary decisions that is often called the ghetto tax, but it leaves them open to exploitation. For example, during the house flipping disaster earlier this decade, many homeowners' ignorance of their properties' true value lead them to sell at disadvantageous rates.
Councilmember Mitchell's bill is a positive step towards addressing this problem (and towards his possible mayoral bid).
from The League: Reassembled
Promoting Financial Literacy in Baltimore City Public Schools (06-0211R) would urge the school system to develop a financial literacy program to teach kids how best to manage their income and assets when they reach adulthood. It is likely to pass.
The bill, sponsored by the 11th District's Keiffer J. Mitchell, Jr., seeks to address a problem with devastating consequences for many Baltimoreans. Too many residents are unequipped with the knowledge and skills needed to successfully manage their financial lives. Not only does this result in the poor monetary decisions that is often called the ghetto tax, but it leaves them open to exploitation. For example, during the house flipping disaster earlier this decade, many homeowners' ignorance of their properties' true value lead them to sell at disadvantageous rates.
Councilmember Mitchell's bill is a positive step towards addressing this problem (and towards his possible mayoral bid).
from The League: Reassembled
posted by The League: Reassembled at 10:19 AM
2 Comments:
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Peter, I don't know you and I don't own this blog; it belongs to OnBackground even though my name is on top on the Contributors list (has to do with I signed up with Blogger itself, I think.) So like you, I am a guest here.
Before you commented, did you consider that a comment unrelated to the post would not speak well of you, and that a smack at Lee Fang in particular would make you look like a fool in context?
I don't know Mr. Fang - he and I are both fair targets for criticism like the rest of the human race - but your unstable tone speaks louder than any possible merit to your criticism.
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