Treasurer Ball announces Financial Empowerment Coalition and database

04/16/2018 04:09 PM

State Treasurer Allison Ball, R-Kentucky, announced a first-of-its-kind Financial Empowerment Database on Monday morning during the launch of the Financial Empowerment Coalition and the Financial Empowerment Database.

“As a former bankruptcy attorney, I understand the need of greater financial literacy in our state,” Ball said in a news release. “This is an exciting day in Kentucky, as this coalition and database will help bring greater financial empowerment to Kentuckians. With the passage of HB 132 this session, we now have an opportunity to potentially change the lives of many, many people.”

Legislation passed this year, and signed into law adds financial literacy a graduation requirement for Kentucky public high schools. The law allows local principals to determine how to meet that requirement; and Ball said the Financial Empowerment Database offers resources to those schools.

“We have been developing this resource through conversations with community leaders for quite some time,” Treasurer Ball said. “The coalition has been hard at work, developing solutions to Kentucky’s need for greater financial literacy and financial empowerment among many different communities. I am proud of this database and the work we have started.”

The database has been compiled as part of Treasurer Ball’s Financial Empowerment Coalition, which began meeting the year she took office, according to a press release.

The online database’s resources are divided into six groups including: Aging Kentuckians, Emerging Adults, Kentuckians with Disabilities, Low-Income Families, Student Strategies, and Veterans and Military Personnel.

Nick Storm

Nick Storm is the Anchor and Managing Editor of Pure Politics available exclusively on Spectrum News. Pure Politics is the only nightly program dedicated to Kentucky politics. Nick covers all of the political heavyweights and his investigative work brings to light issues that might otherwise go unnoticed, like his coverage of the backlog of DNA rape kits waiting to be tested in Kentucky. Nick is also working on a feature length bio documentary Outlaw Poet: A documentary on Ron Whitehead. Pure Politics airs weeknight at 7 and 11:30 on Spectrum News. Follow Nick on Twitter @NStorm_Politics. Nick can be reached at 502-792-1107 or nicholas.storm@charter.com.

2 Comments

Comments

  • Honest Parley wrote on April 17, 2018 08:10 AM :

    We place this story in the “Who cares?” category, given that Ms. Ball-Swan’s office should not exist and the function of which bears absolutely no consequence for the Commonwealth, much like her dear husband’s work in the Transportation Cabinet.

  • Heza Putz wrote on April 17, 2018 09:08 AM :

    My recommendation for a high school graduation ceremony… Before handing someone their diploma ask them what’s 6 times 17 and multiply 4 times 17 and change the figures for the next kid in line while still keeping it simple. Wrong answers no diploma. And that, folks, is why we test our kids throughout K-11 but not at the end of 12 years.

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