New laws affecting education, transportation and the state’s economy will take effect next year. Some are already in place, while the fate of others will be decided in the courts.
Two new bills passed by the Michigan legislature this year will affect both students and parents in the new year.
In June, Gov. Gretchen Whitmer signed into law a plan to add a financial literacy course to the state’s high school curriculum.
House Bill 5190 adds a half-credit personal finance course as a high school graduation requirement, starting in the fall with eighth-grade students.
Credit for the course can be applied in different ways, either as a half credit of the four-credit mathematics requirement, the two-credit language other than English requirement, or the one-credit visual, performing, or applied arts requirement. Students can also take the class as part of an approved career and technical education program.
“Every young Michigander deserves to know how to budget, save, and invest their money wisely so they can get off to a great start after high school, whether they go to college, start working, or open a small business,” Whitmer said.
State Rep. Diana Farrington, R-Utica, sponsored the bill. She said the goal is to give students skills so they won’t be caught off guard by the financial decisions.
“The course will teach students how to manage their finances,” she said. “They’ll be prepared to make smart, everyday budget choices — and equipped to handle the challenges...
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