Press Release from the State of Tennessee, Dec. 2, 2010:
The Tennessee Financial Literacy Commission will hold its inaugural meeting at the State Capitol Monday afternoon. The Commission was created by the General Assembly this year to support and develop programs that will help Tennesseans become more knowledgeable about financial matters that affect their lives.
The legislation establishing the Commission was sponsored by Sen. Dolores Gresham and Rep. Harry Brooks. The Tennessee Treasury Department is providing administrative support to the Commission.
“It is very important that we increase the level of financial knowledge that Tennesseans have,” said Treasurer David H. Lillard Jr. “The world we live in becomes more complicated every day. While not everyone can be a Wall Street wizard, all of us need a basic understanding of skills like how to manage the household budget, how to plan for retirement and how to save money for our children’s education.”
As one of its first items of business, the Commission’s board of directors will receive a report on the Smart Tennessee financial literacy program offered through the University of Memphis. The Commission will develop a new curriculum component for Smart Tennessee that will stress to young schoolchildren, their parents and their teachers the importance of saving money for college.
In other business, the Commission is expected to elect officers and adopt a budget and a business plan.
The meeting is scheduled to begin at 1:30 p.m. Monday in the Executive Conference Room on the ground floor of the Capitol.