FOR IMMEDIATE RELEASE
May 8, 2024
New Measure Eligible for California's November 2024 Ballot
Adds One-Semester Personal Finance Course to High School Graduation Requirements. Initiative Statute.
Sacramento, Calif. – Secretary of State Shirley N. Weber, Ph.D. announced that an initiative became eligible for the November 5, 2024, General Election ballot on May 8, 2024.
In order to become eligible for the ballot, the initiative needed 546,651 valid petition signatures, which is equal to five percent of the total votes cast for governor in the November 2022 General Election.
A measure can become eligible via random sampling of petition signatures if the sampling projects that the number of valid signatures is greater than 110 percent of the required number. The initiative needed at least 601,317 projected valid signatures to become eligible by random sampling, and it has exceeded that threshold today.
On June 27, 2024, the Secretary of State will certify the initiative as qualified for the November 5, 2024, General Election ballot, unless it is withdrawn by the proponent prior to certification pursuant to Elections Code section 9604(b).
The Attorney General's official title and summary of the measure is as follows:
ADDS ONE-SEMESTER PERSONAL FINANCE COURSE TO HIGH SCHOOL GRADUATION REQUIREMENTS. INITIATIVE STATUTE. Adds one-semester personal finance course to existing graduation requirements for public high school students (including those attending charter schools) beginning with the graduating class in 2030. Requires schools to begin offering the course by the 2026-27 school year. This course would be in addition to currently required one-semester economics course, which may—but is not required to—include personal finance curriculum. Students may fulfill new requirement by completing an existing University of California-approved personal finance course, or a new course approved by a school’s governing body. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Potential increased costs to schools that could reach in the high tens of millions of dollars annually in the first few years and then likely decline over time. Costs could be related to additional teachers, curriculum development, and instructional materials and would depend on how the measure is implemented. (23-0022.)
The Secretary of State’s tracking number for this measure is 1964 and the Attorney General's tracking number is 23-0022.
The proponents of the measure are Christopher Lee Kaufman and Timothy J. Ranzetta. They can be reached c/o George M. Yin, Kaufman Legal Group, at (213) 452-6565 and gyin@kaufmanlegalgroup.com. The address for the Kaufman Legal Group is 777 S. Figueroa Street, Suite 4050, Los Angeles, CA 90017.
For more information about how an initiative qualifies for the ballot in California, visit https://www.sos.ca.gov/elections/ballot-measures/how-qualify-initiative/.
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Contact: SOS Press Office
sospress@sos.ca.gov
