Pa. collected $4.2B in tax revenue in September; $9.8B so far this year
Mirroring some of the confusion in the national economy, Pennsylvania’s tax collections for September also were a mixed bag, according to newly released state data. The commonwealth collected $4.2 billion in general fund revenue in September, coming in at $135.8 million, or 3.3 percent, ahead of projections. Three months into the 2022-23 fiscal year, the […]
Saving for a rainy day makes good fiscal sense | Stacy Garrity
Being responsible isn’t flashy, and it rarely grabs headlines. But we know exactly what lies ahead.
How Pa. teachers’ pensions fit into the feud between Oz, McCormick
The argument goes something like this: Starting in 2012, PSERS, which pays for 500,000 former teachers, principals, and other school employees retirements, decided to make a new investment in Bridgewater Associates, a Connecticut-based financial services firm that McCormick worked at from 2009 until 2022 — first as president, then as CEO.
Pa. Treasury to auction unclaimed property this week
“Our goal is always to return unclaimed property to the rightful owners,' state Treasurer Stacy Garrity said.
SERS Board votes to drop Russian investments
(*This story was updated at 2:40 p.m. on Friday, 3/4/22 at 2:40 p.m. to clarify that SERS has no financial exposure to Belarus) Officials at the Pennsylvania State Employees Retirement system voted unanimously to divest assets connected to Russia or Belarus as Russia’s war against Ukraine continues to intensify. The move, which was expected, will […]
Pennsylvania lawmakers look to pull public funds from Russia amid war in Ukraine
The exact impact of each move will vary, from $1.1 million in Russian-made vodka to potentially billions in retirement funds. But each dollar will count.
The three things the Pa. Legislature did in 2021 to help older Pennsylvanians | Ray E. Landis
From tele-health to broadband expansion, lawmakers advanced critical pieces of legislation.
Pa. Farm Show Complex to welcome guests again starting in September
Starting this September, the Pennsylvania Farm Show Complex & Expo Center in Harrisburg will once again start playing host to large events, officials said Thursday. The looming return of such events as sports tournaments and agricultural shows and competitions marks the end of a 16-month, pandemic-inspired hiatus that saw the sprawling building transformed into a […]
Garrity joins GOP state treasurers warning banks that dump fossil fuels
The policy was announced in a Monday letter sent to White House climate envoy John Kerry by Garrity and 14 other state treasurers.
Garrity backs Torsella to boost oversight on teachers’ pension fund amid internal investigation
Gov. Tom Wolf nominated Torsella for the role in February. His return would bring back a once lone contrarian voice to a board with a growing anti-establishment faction.
One more smooth hand-off in Pa. politics | Opinion
State Treasurer Stacy Garrity understands the value of putting together a great team of diverse backgrounds, and I’m proud to be part of that team.
Pa. row officers sworn in, bringing diversity, GOP shakeup to Harrisburg
Two Republicans were sworn into Pennsylvania’s row offices Tuesday, breaking eight years of Democratic control in some of the highest ranks of state government and bringing diversity, in more ways than one, to Harrisburg.