Home Local Maryland Government Announcement Originally published June 24, 2010

Comptroller Recognized for Efforts in Financial Literacy

Receives Award from Maryland Coalition for Financial Literacy, Council on Economic Education

Annapolis, Md. (June 24, 2010) – Noting Comptroller Peter Franchot’s outstanding commitment and contributions to financial literacy in Maryland’s public schools, the Maryland Coalition for Financial Literacy and Maryland Council on Economic Education presented him with a certificate of appreciation Wednesday. The award was given at a financial education summit for 200 teachers sponsored by the two groups.

“Comptroller Franchot is a friend of personal finance and financial literacy,” said Dr. Allen Cox, head of Maryland Coalition for Financial Literacy.

Comptroller Franchot believes all high school students should be required to take a financial literacy course prior to graduation. Currently, only three counties (Talbot, Allegany and Carroll) require a standalone course in personal finance for all students.

“We made great progress on this issue last session, got a bill through the Senate calling for a mandated course in all high schools and formed a huge statewide coalition of teachers, parents, students, private businesses and non-profit advocacy groups,” said Comptroller Franchot. “I will continue to fight for the important passage of this bill.”

Maryland State School Superintendent Dr. Nancy S. Grasmick says Comptroller Franchot’s leadership in financial literacy is “wonderful and refreshing.”

Since taking office in 2007, Comptroller Franchot has traveled across Maryland visiting schools and meeting with educators and students to discuss the need for financial literacy.