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8 posts categorized "Rosemary Marshall"

April 29, 2008

Piggy Bank Lessons

Today is National Teach Children to Save Day

Benefield__tom_mclean_saves (Denver) Each year, teenagers in America spend $180 billion, or $104 each week.  To prevent these spending habits from leading to bankruptcy and indebtedness, Governor Bill Ritter has proclaimed April 29th, 2008 as National Teach Children to Save Day

Earlier this year, a financial advisor from Edward Jones, Tom McLean of Westminster, asked his State Representative Debbie Benefield (D-Westminster) to propose National Teach Children to Save Day in Colorado, to promote financial literacy and responsibility among Colorado’s youth.

In the 1980’s, Americans saved 9 cents on every dollar that they earned. During the 90’s, they only saved a nickel. The most recent reports indicate that Americans are spending more than they earn, and have a negative savings rate of 0.5 cents. 

Accordingly, Tom McLean and several other financial advisors and bankers from the American Bankers Association will be participating in National Teach Children to Save Day.  Mr. McLean will be visiting 1st and 3rd grade classrooms in Westminster to raise financial awareness.  Throughout the week, he will be giving lessons, piggy bank in hand, at 4 elementary schools: Tarver, Arapahoe Ridge, Hunter’s Glenn, and Le Roy. 

“Basic education in financial and economic literacy help form lifetime savings habits and the wise use of credit,” Rep. Benefield said.

Although the program is directed towards America’s youth, National Teach Children to Save Day serves to remind everyone about the importance of fiscal responsibility.

The proclamation is timely, given that a financial literacy education bill, House Bill 1168, is making its way to the Governor’s desk.  Sponsored by State Representative Rosemary Marshall (D-Denver), the bill advises Colorado schools to integrate financial literacy education as part of the math curriculum. If passed, students will be taught penny-saving smarts throughout their K-12 education years.

“We know that Americans are spending more and saving less.  This is a proactive plan to teach our children how to manage money and avoid credit card debt down the road” Rep. Marshall stated.

The bill comes in response to sobering information about young people's financial acumen.  Despite spending $150 billion annually, a 2006 nationwide study showed only 52 percent of young Americans demonstrated sufficient personal financial literacy, and the average high school senior only answered 48 percent of questions about economics and finance correctly.

House Bill 1168 has passed the House and now awaits approval from the full Senate, where it is sponsored by Senator Chris Romer (D-Denver).

-- Posted by staff

April 11, 2008

Rep. Marshall's Financial Literacy Bill Passes House

Program would educate Colorado kids about the power of economic opportunity

Co_state_rep_rosemary_marshall DENVER – As the prices for gas and basic consumer staples soar, the U.S. dollar weakens, and a credit crisis prompted by last year’s subprime mortgage disaster continues, Coloradans are feeling the pinch.  Foreclosures in Colorado alone were up 40 percent in 2007 – going from 28,509 to 39,915.

Recognizing the need for greater financial literacy, the Colorado House of Representatives took a tremendous step forward today.  Under the leadership of State Representative Rosemary Marshall, the House passed a bill creating financial literacy and educational standards for Colorado’s public school systems.  House Bill 1168, which passed on a sweeping 61 - 2 vote, would help all Colorado students acquire the financial tools needed to succeed in a 21st century economy. 

“Too many young people don’t understand how devastating credit card debt can be, and frankly, it’s because they don’t learn about it in school,” Rep. Marshall commented.  “But with the appropriate teaching, our kids can grasp the importance of savings, the power of economic opportunity, and the benefits of investing for the long term.  That teaching will make them better consumers too.”

The bill requires the State Board of Education to adopt model content standards incorporating financial literacy into existing math curricula.  School districts would then be directed to meet or exceed those new financial literacy standards. 

The bill was drafted in response to sobering information about young people’s financial acumen.  Despite spending $150 billion annually, a 2006 nationwide survey showed only 52 percent of high school seniors demonstrated sufficient personal financial literacy, and the average high school senior only answered 48 percent of questions about economics and finance correctly.  This new data comes at a time when a record 40 percent of high school juniors and seniors are estimated to have credit cards.

“We know that if kids are given the right tools, they are less likely to be dragged under by torrents of debt and held under by bad credit,” Rep. Marshall continued.  “This bill is offers a genuine lifeboat to kids who would otherwise be lost in a troubled financial sea.”

HB 1168 now moves to the Senate, where it is being sponsored by State Senator Chris Romer (D-Denver). 

-- Posted by staff

April 10, 2008

Rep. Marshall Helps Colorado Kids Start on Right Financial Foot

Co_state_rep_rosemary_marshallDENVER – April is Financial Literacy Month, and the need for financial literacy is particularly evident this year.  Coloradans are being hurt by a slumping U.S. economy, a weakening dollar and a credit crisis compounded by last year’s subprime mortgage disaster.  Foreclosures in Colorado alone were up 40 percent in 2007 – going from 28,509 to 39,915.     

Recognizing the need for greater financial literacy, the Colorado House of Representatives took a tremendous step forward today.  Under the leadership of State Representative Rosemary Marshall, the full House passed a bill creating financial literacy and educational standards for Colorado’s public school systems.  House Bill 1168, which passed on a voice vote, would help all Colorado students gain the financial tools needed to succeed in a 21st Century economy. 

“Too many young people don’t understand how devastating credit card debt can be, and run it up on things like clothes, entertainment and electronic gizmos,” Rep. Marshall commented.  “But with the appropriate teaching, our students can grasp the importance of savings, the power of economic opportunity, and the benefits of investing for the long term.”

The bill requires the State Board of Education to adopt model content standards incorporating financial literacy into existing math curricula.  School districts would then be directed to meet or exceed those new financial literacy standards. 

The bill comes in response to sobering information about young people’s financial acumen.  Despite spending $150 billion annually, a 2006 nationwide study showed only 52 percent of young Americans demonstrated sufficient personal financial literacy, and the average high school senior only answered 48 percent of questions about economics and finance correctly. 

“We know that if kids are given the right tools, they are less likely to be dragged under by torrents of debt and held under by bad credit,” Rep. Marshall continued.  “This bill is offers a genuine lifeboat to kids lost in an otherwise troubled financial sea.”

HB 1168 awaits a final vote in the House before moving to the Senate, where it is being sponsored by State Senator Chris Romer (D-Denver).

-- Posted by staff

February 20, 2008

Democrats Respond to High Foreclosure Rates

The priority is to keep families in their homes; several community forums planned to prevent foreclosures

Capitol(Denver) According to a report released today by the Colorado Division of Housing, foreclosures increased 40 percent in Colorado from 2006 to 2007.  The good news is that the state has a successful foreclosure hotline (1-877-601-HOPE) in place and over 6,300 families have been assisted.  Because of the hotline, at least 20 percent more families have been rescued from loosing their homes.

In other good news, the state should find out shortly if relief is in sight to help sort out loans and to create public service announcements for others to learn about services available.  In response to the high rates, the state recently submitted a request for over 2 million dollars in funding from the federal government to assist with the foreclosure hotline and HUD counselors across the state.

“We passed a comprehensive package of laws to address mortgage fraud and help families stay in their homes and prevent the housing crisis in the future. Simply put, there are still a lot of bad loans out there that can result in foreclosure before these laws go into effect,” State Representative Rosemary Marshall (D-Denver) explained.

The Governor mentioned the successful legislation tackling rise in foreclosures in his State of the State address, applauding Colorado’s leadership on the issue and citing several states that have modeled legislation after Colorado.

Continue reading "Democrats Respond to High Foreclosure Rates " »

January 17, 2008

Bi-Partisan Election Fix is Fast-Tracked Rep. Marshall: “Restore the public’s confidence”

Co_state_rep_rosemary_marshallDENVER - A bipartisan team of lawmakers have passed the first hurdle in their effort to “restore the public’s confidence” in Colorado’s election system.  Proposing a plan to conduct Colorado's elections in manner that is fair, accurate, accessible and transparent,  Representatives David Balmer (R-Arapahoe) and Rosemary Marshall (D-Denver) today ushered House Bill 1155 through the House State Affairs Committee on a unanimous vote.    

The legislation aims to clarify the Secretary of State’s authority to recertify voting machines.  The bill prohibits the Secretary of State from relaxing existing standards for voting systems and requires him to spell out the reasons for any decision to amend or rescind certification orders.
 
In this morning’s hearing, Rep. Marshall said:

“It is time to move forward.  Our priority is to restore the public’s confidence in our election system and to assure the voters of Colorado that we can have fair and accurate elections this year.  We are hoping to fast-track this through the legislature, have it signed by the Governor quickly, and make it effective upon his signature.”

Rep. Marshall continued: 

“The Secretary of State has made it clear that there have been problems with some of the machines in the past, but now it is time to solve the problem together and move forward. We’ll need a certain number of electronic machines in order to comply with federal law. But we believe that the votes cast in 2008 should be recorded on paper.  We are working with the county clerks, the Secretary of State, the Governor’s Office, and concerned citizens to develop a reliable, paper-based voting system in time for this year’s elections.”

-- Posted by staff

January 16, 2008

Bi-Partisan, Bi-Cameral Group Announces New Election Plan

Co_state_rep_rosemary_marshallToday, a bipartisan team of lawmakers introduced a bill to take the first step in fashioning a plan to conduct Colorado's elections in manner that is fair, accurate, accessible and transparent.  Representatives David Balmer (R-Arapahoe) and Rosemary Marshall (D-Denver) and Senators Ken Gordon (D-Denver) and Steve Johnson (R-Larimer) introduced legislation clarifying the Secretary of State’s authority to recertify voting machines.   

House Bill 1155 prohibits the Secretary of State from relaxing existing standards for voting systems and requires him to spell out the reasons for any decision to amend or rescind certification orders.

Joint Statement of Reps. Balmer and Marshall and Senator Gordon:


“We’ll need a certain number of electronic machines in order to comply with federal law. But we believe that the votes cast in 2008 should be recorded on paper.  We are working with our colleagues, the county clerks, the Secretary of State, the Governor’s Office, and concerned citizens to develop a reliable, paper-based voting system in time for this year’s elections.”

-- Posted by staff

January 09, 2008

Speaker Romanoff’s Opening Remarks Kick Off the 2008 Legislative Session

Co_state_rep_andrew_romanoff_5 Let me begin by congratulating our newest members, Representatives Mark Ferrandino and Christine Scanlan. We look forward to serving with each of you.

I would also like you to welcome my mother to the chamber.

Thank you for allowing me to share some thoughts with you on this occasion. This is the fifth year I’ve had the privilege – it’s also the last.

Representatives Borodkin, Garcia, Hodge, Jahn, Madden, Marshall, Stafford, White and I came in together – and we’re going out together. Congratulations to each of you.

Today I want to tell you a story. It’s not a story with a lot of characters in it. We’re going to have plenty of those stories in the months ahead. We’ll be talking about the 12,000 students who drop out of Colorado’s high schools each year, the 107,000 Coloradans who don’t have jobs, the 792,000 who don’t have health insurance.

This morning I want to focus on just one person. A child, to be specific. A baby.

Some 70,000 babies will be born in Colorado in 2008 – enough to populate a House district.

This little fellow was one of the first to arrive. His name is Wyatt James Sheets. He was born on New Year’s Day, at Valley View Hospital in Glenwood Springs. He weighed in at 6 pounds and measured 18½ inches long.

Wyatt showed up four weeks ahead of schedule. His parents live in Colorado Springs, but they spent the holidays on the Western Slope. Wyatt’s mother began having contractions during a New Year’s Day service at the Rocky Mountain Baptist Church in Rifle, where her father-in-law is a pastor. I think Wyatt was just in a hurry to make good on his father’s wish – that he become a NASCAR driver (His dad wanted to name him Dale, as in Earnhardt, but he lost that argument.)

Wyatt’s father, James, is an Army mechanic at Fort Carson. He served two tours of duty in Iraq, where he drove a tank with the 3rd Armored Cavalry Regiment. Wyatt’s mother, Alicea, directed an after-school program and takes care of their three daughters. Wyatt’s sisters helped decorate his room and pick out his crib. His oldest sister, Ashley, even said she thought it was “cool to have a little brother.”

James and Alicea want what all parents want – a better quality of life for their children. They want Wyatt to get the best education in the world. They want a doctor or a nurse to care for him when he gets sick and to help make sure that he stays healthy. They want Wyatt to live a happy and rewarding life.

James and Alicea have high expectations for their son – and for the state in which they plan to raise him. But for Wyatt to fulfill his potential, we have to fulfill ours.

Wyatt’s well-being will depend on the decisions that James and Alicea make in the months and years ahead. In the long run, his success will hinge on the decisions that he makes for himself.

But the quality of Wyatt’s life will also rest on the decisions that we make here, in this chamber, this year. We’re not his parents; nobody can take their place. But we can make it easier for James and Alicea to prosper and for Wyatt to thrive. That’s what I want to talk about this morning.

Let’s fast forward a few years. It’s 2011 or 2012, and Wyatt is old enough to start preschool. Whether he does is a choice his parents will have to make. But right now, you and I have a choice to make as well. Let’s make the right choice. Let’s say yes to high-quality preschool and full-day kindergarten.

Early childhood education is one of the single most effective investments we can make. Let’s help more parents like James and Alicea give their children a smart start on school.

By 2014, Wyatt will be old enough to start first grade. Most of the teachers he’ll have then have already been hired or are being recruited right now.

We need to do a better job of training, retaining and rewarding high-skilled teachers, especially those who agree to work in the schools, with the students, and in the subjects that present the greatest challenges.

Let’s equip our teachers with the tools they need – the time, the training, the technology – to give Wyatt a world-class education. Let’s put a top-flight teacher in his classroom, and in every classroom.

Of course, even the best teacher in the world will find it tough to teach in a school that’s falling down. Wyatt deserves a learning environment that is safe and healthy and educationally enriching – not a building where the roof is caving in or the floorboards are so rotten that they can’t even hold up his desk. Yet students are going to back to school this week in buildings just like that, especially in rural Colorado – in the San Luis Valley and the Arkansas Valley and the Eastern Plains.

That is fundamentally unacceptable in a state as affluent as ours. Dozens of factors will affect Wyatt’s ability to get a good education, but his zip code shouldn’t be one of them.

It’s time for the BEST plan – to Build Excellent Schools Today, schools designed not for the 19th century or the 20th century but for Wyatt’s century, the 21st century. This plan will allow us to meet our schools’ most critical health and safety needs. I want to thank Treasurer Kennedy for helping us identify nearly $1 billion in state and local resources. This will be the most significant investment in school construction since statehood.

It’s a little too soon to ask Wyatt what he wants to be when he grows up. But here’s one thing we do know: What he earns will depend on what he learns.

The workforce Wyatt enters 20 or 25 years from now will face stiff competition not just from other states but from other countries, too. We should prepare Wyatt to meet the demands of a global economy. He’ll need more than a high-school diploma. He’ll need some form of higher education – whether that means vocational training or an advanced degree.

Let’s keep the cost of college within his reach. Wyatt and his classmates should be able to get a good education even if their parents aren’t very well off. In our country, where you come from shouldn’t dictate where you end up. 

Wyatt may be a long way from joining the workforce, but there are some steps we can take right now to strengthen the economy that awaits him. First, we should continue to invest in our infrastructure. Wyatt shouldn’t have to spend all of his money fixing the roads and bridges that you and I neglected.

Second, we should support homegrown industries like aerospace, bioscience and renewable energy – industries in which Colorado is already gaining a competitive edge.

We should make sure there are plenty of good jobs for Wyatt to choose from – whether he farms wind or wheat, pilots a jet or peers into a microscope. 

Third, we should simplify our tax code, so that Wyatt’s employer doesn’t have to hire an army of accountants just to do business here. And as for our smallest employers – the 45,000 entrepreneurs who form the backbone of Colorado’s economy – we should spare them the burden of the business personal property tax once and for all.

There’s one other step we should take to shore up Wyatt’s financial future – and that is to save for a downturn. Even in a state as sunny as Colorado, a rainy-day fund makes good sense.

We’ve talked about helping Wyatt get a smart start, a top-flight teacher, and a safe place to go to school. We’ve talked about his prospects for college and for work. But more than anything else, what will enable Wyatt to live a long and productive life – the top priority of every parent – is his health.

If Wyatt had been born in 1908, he would have been lucky to live past the age of 50. That was the average life expectancy in America a hundred years ago. Babies born in the United States today can expect to live 78 years or more. Wyatt’s parents hope that he’ll live to see the 22nd century.

Wyatt is lucky to have been born in the most prosperous nation on the face of the earth. America’s medical facilities and services are among the finest in the world. What we need to figure out, as a state and as a nation, is how to make those services available to Wyatt and his parents, at a price they can afford – and how to help them stay healthy enough to avoid having to go to a hospital in the first place.

Those are some of the questions we’re going to answer over the next four months. But there are several steps we should take right now.

First, we should cut the cost of health care. Administrative expenses eat up as much as a quarter of every health-care dollar.

We can get a much bigger bang for our buck. We can save more than $100 million just by standardizing ID cards and claim forms, streamlining the processes we use to verify eligibility and credential providers, and simplifying procedures for prior authorization and appeals.

When Wyatt was born, his condition, his progress and his test results were all recorded on paper. Valley View Hospital is still developing an electronic information system. We can save money and reduce the risk of medical errors – without compromising Wyatt’s privacy – by bringing more of our hospitals into the 21st century.

Second, we should reduce the ranks of the uninsured. Wyatt’s family has health insurance. But one out of every six people in this state doesn’t. The average family in Colorado will spend $1,000 this year treating the uninsured. 

Here’s one point I hope we can agree on – every child should have health coverage. Children without insurance are 10 times more likely to miss out on the immunizations and check-ups they need to stay healthy. Uninsured children are more likely to get sick. They are more likely to stay sick. And they are more likely to die. Let’s end this debate and cover our kids.

Third, we should put a premium on prevention. The emergency room ought to be a last resort, not a primary source of care. We should give Wyatt and his parents every incentive to stay healthy – and to exercise personal responsibility. Let’s reduce their premiums if they curb their cholesterol, lower their blood pressure, or quit smoking. Let’s minimize their co-payments for preventive care and chronic-care management. Let’s encourage them to take advantage of health and wellness programs.

The last – and in some ways, the most important – step we can take to improve Wyatt’s health is to protect his environment. The more we contaminate Colorado – the more we foul our air and pollute our water – the more we diminish Wyatt’s quality of life.

We can do better. We can restore the health of our forests and replenish our rivers. We can help our ranchers and farmers hold on to their lands for future generations. And – this is key – we can find new and more efficient ways to heat our homes, fuel our cars, and power our economy.

Greenhouse gases pose the most serious threat to Wyatt’s environment. If we don’t acknowledge and attack the causes of global warming – if we don’t become, in Governor Ritter’s words, more “stubborn stewards” of this fragile planet – we will jeopardize Wyatt’s chances of surviving on it.

Now some folks will try to trick James and Alicea into believing that they have to choose between a high standard of living for themselves or for their son. That’s a false choice. When it comes to energy, James and Alicea do have choices to make – and so do we. But these choices won’t enslave Wyatt’s family or bankrupt their budget. In fact, our new energy economy is already creating thousands of new jobs.

We don’t have to savage the economy in order to salvage the environment. Quite the opposite: we can sustain both.

For James and Alicea, that means conserving more energy. It may even mean generating their own.

For us, it means providing rebates, loans and credit for those who produce renewable energy, and removing the barriers that stand in their way.

For Wyatt, it will mean a cleaner, greener place to call home.

In the end, what James and Alicea want – what Wyatt deserves – is a shot at the American Dream: the chance to enjoy a solid education, a steady job, a safe and healthy place to live and grow up. That’s not too much for them to expect, and it’s not too much for us to deliver.

There may be some distant corner of the earth where it is considered acceptable for children to languish without those opportunities. There have certainly been such times in our nation’s history. But not here, not now, not in the 21st century.

By the time Wyatt reaches the ripe old age of 42, this century will be half-over, or half-begun. Colorado will be home to nine million people – four-and-a-half times as many as there were when I was born, 42 years ago.

What will become of Wyatt, of James and Alicea, and of all the people lucky enough to live here in the year 2050? That’s mostly up to them. But for the next 120 days, it’s also up to us. Let’s get started.

Sincerely,

Andrew Romanoff

Speaker of the House

-- Posted by Staff

December 05, 2007

Editorial from Representative Rosemary Marshall Regarding Voting Rights and Access

Rep. Rosemary Marshall
State Representative, House District 8
reprmarshall@aol.com

A Political Storm is Brewing

Co_state_rep_rosemary_marshall_5An attack on the election process is being orchestrated by those who want to compromise the integrity of a citizen’s right to vote. We saw this demonstrated in 2000 and again in 2004 with court challenges resulting from votes not being counted, faulty electronic equipment, and voter intimidation at the polls.


As we move forward in preparation for the 2008 presidential election, we are again faced with the possibility of election chaos. Here is why:


After the 2000 election, Congress passed HAVA, the Help America Vote Act, a politically crafted strategy shifting power to the secretaries of states. Among other provisions, HAVA requires them to certify voting equipment and implement a statewide voter registration data base. These provisions conflict with the County Clerk’s authority and ability to implement a timely process associated with managing smooth elections. Here in Colorado, there are complaints from county officials regarding delays in certifying voting equipment, lack of response regarding election timelines, and poor communication from state officials.


Recently, Clerks from across Colorado met with the legislative Joint Budget Committee with a desperate plea. They asked for assistance from the legislature to change current law so that they can prepare for the 2008 election. I attended that meeting.


With the 2008 election less than one year away, time is of the essence. County officials predict the largest voter turn out in Colorado history. Further delays from Colorado’s Secretary of State in certifying electronic voting equipment will impede the opportunity for safe and secure elections, and diminishes voter confidence. Many of Denver’s voters recall the 2006 election, when more than 20,000 voters were disenfranchised due to faulty and untested equipment.


So what is the political storm? Here is my concern. Some politicians and party affiliates cynically believe that there are candidates who will benefit from election chaos and by discouraging voter turnout. Therefore, they create tactics to make it difficult for voters to cast their vote by requiring unwarranted numbers of documentation to prove identification and by voter intimidation both from the pulpits and at the polls. Citizens most often affected by this intimidation are minorities, the poor, and the homeless. Conversely, there are those of us who work to ensure that every eligible registered voter, regardless of party affiliation or choice of candidates, has the right and the opportunity to vote.


This year, Congress reauthorized America’s Voting Rights Act. This landmark legislation first enacted in 1964 guarantees qualified citizens the right to vote. For politicians to engage in deliberate action that violates this Act is unforgiving and a blatant abuse of power. We must hold our elected officials accountable to do the right thing.


--Posted on behalf of Rep. Rosemary Marshall

  • "This was a great year to be a kid in Colorado. We did more good for more children in more need than at any other point in modern memory." - House Speaker Andrew Romanoff