Treasurer McCord to resign immediately, plead guilty to federal charges

According to a video released by Treasurer Rob McCord Friday afternoon, he is moving up his resignation date from February 12 to immediately.

He explained he inappropriately used the power of his office to solicit campaign contributions, for which he is currently under federal investigation and expected to plead guilty.

Friday, January 30, 2015/Author: Jason Gottesman
Categories: News and Views
UPDATED: Treasurer McCord resigns, pursues private sector career

UPDATED: Treasurer McCord resigns, pursues private sector career

According to a resignation letter sent to Gov. Tom Wolf Thursday, State Treasurer Rob McCord is resigning from office, effective February 12, 2015, at 5:00 p.m.

"It has been the privilege of a lifetime to serve the citizens of the Commonwealth as their elected State Treasurer for the past six years," McCord stated in his letter.

"But with my goals at Treasury now achieved - and with a new Governor now in office to appoint my successor - it is time for me to return to the private sector, where most of my life's work has been."

Thursday, January 29, 2015/Author: Jason Gottesman
Categories: News and Views

What happens when the Commonwealth runs out of money?

At his mid-year budget briefing earlier in December, Budget Sec. Charles Zogby noted tax anticipation notes—borrowing based upon the anticipation of greater tax revenue later in the year—might be used to fill slower revenue months.

However, not all state officials seemed convinced that the prospect of additional borrowing is necessarily the right thing to do, especially since the Commonwealth has already borrowed money to ensure the state’s bills are paid.

Tuesday, December 16, 2014/Author: Jason Gottesman
Categories: News and Views
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