NCACPA Calls on Legislators to Fund Financial Literacy Teacher Training
In a letter sent on June 4 to state lawmakers, the North Carolina Association of CPAs called for full funding of financial literacy instructor training in this year’s state budget.
NCACPA led the effort in 2019 to pass a law mandating instruction in Economics and Personal Finance (EPF) for high school students. Part of that law requires that EPF teachers receive the professional development training necessary to teach the course.
Funding to provide that professional development was included in the 2019 Appropriations Act, but the bill did not become law. No additional funding was included in the various “mini-budgets” that passed that year.
As part of an expanded budget recommendation submitted in March 2021, the State Board of Education and the Department of Public Instruction requested an appropriation of $1,063,000 for EPF Professional Development in the biennial budget. NCACPA supports this request.
NCACPA will closely monitor the work of House and Senate budget writers as they craft the spending plan for the upcoming fiscal year and continue to press for inclusion of this funding.
If you have questions about this issue or other policy matters, please contact NCACPA Director of Advocacy Robert Broome, CAE.