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As the name "Treasury" suggests, the department's paramount responsibility is safeguarding and managing the state's financial assets, but Pennsylvania's constitution and statutes place additional specific responsibilities on the office. [citation needed] Taxes and other sources of revenue collected by the state are deposited with the Treasury.
The 2024 State Treasurer in Pennsylvania was held on November 5, 2024, to elect the Pennsylvania state treasurer. Incumbent Republican treasurer Stacy Garrity was re-elected to a second term in office, defeating Democratic candidate Erin McClelland.
(The Center Square) – It's a new year, and with it comes a time-honored tradition in Pennsylvania: the unveiling of the governor's spending proposal. On Tuesday, Gov. Josh Shapiro proffered the ...
(The Center Square) – During Gov. Josh Shapiro's third budget address, he makes the case for a $51.4 billion spending plan that touches on education, health care and economic development.
The Pennsylvania Constitution requires the adoption of a budget by midnight June 30 each year, the last day in the fiscal year. [5] [6] There were seven consecutive budget impasses in Pennsylvania between 2003 and 2009, with tensions between Democratic Governor Ed Rendell and the Republican-controlled State Senate delaying the passage of annual budgets. [7]
The measure, which passed by a vote of 41 to 7, also would bar the state treasurer and public pension systems from boycotting or divesting from Israel's government or commercial financial activity ...
Torsella's policy proposals included universal college savings accounts, [59] portable IRAs for Pennsylvania workers whose employers do not offer retirement savings plans, [60] banning the corrupt practice of third-party marketers introducing money managers to the state, [61] appointing a chief integrity officer for Treasury, [62] creating an ...
To pay for the increased spending, the governor wants to divert a larger portion of the state’s sales tax revenues. Currently, of all collected sales taxes in Pennsylvania, more than $1.2 ...