S.B. 497 Summary

• Requires the Department of Education to include financial literacy teaching in the existing personal transition plan requirement for all students, beginning with the 2026-2027 school year.

• Defines "financial literacy" to include curriculum addressing financial skills, personal financial management, budgeting, debt, credit, and tax planning.

• Allows schools to develop their financial literacy program based on stakeholder input regarding the scope and sequence of their personal transition plan or provide financial literacy systemically within their school program.

• Takes effect upon approval.