State treasurer applauds legislature for passing financial literacy bill

A state leader is traveling the state celebrating what he calls a big win in the Nebraska legislature.

State treasurer John Murante is excited about LB 452. The recently passed bill will create a financial literacy curriculum in Nebraska's public schools.

Recently, he and the bill sponsor's senator Julie Slama stopped by News Channel Nebraska's Sidney studios.

Murante says he and others have been pushing for years to get this measure through the capitol. He says the new teachings will pair well with established programs like the state's Nest 529 college savings plan.

"We're hoping this financial literacy conversation sparks discussions between parents and their kids that maybe a four-year university isn't necessary to accomplish a really good paying job in this state," Murante said. "Nest 529, and a lot of the jobs that are available, can be used with education in trade schools, community colleges and state colleges, vocational schools. If that's the right path for your kid, then we encourage you to do that."

The new law will teach kids about personal finances at every level of K-12 public education. It also makes a financial literacy class a graduation requirement for high school students. The law is set to be implemented at the end of 2023.