Blog: Educators Inflated Cost Of Financial Literacy Requirement, Franchot Claims

State Comptroller Peter Franchot had some tough words for the state Department of Education, which said his proposal for a financial literacy course in all high schools would cost $16 million to implement. “The state bureaucracy spiked this thing,” Franchot told reporters at a news conference before a hearing on the bill. “It’s a phony fiscal note.”

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