Treasurer's Task Force floats solutions for Pennsylvania retirement gap

Treasurer's Task Force floats solutions for Pennsylvania retirement gap

As part of a task force to address the little under half of Pennsylvania's who cannot save for retirement through work, State Treasurer Joe Torsella held the second of three meetings on the gap in retirements savings in Pittsburgh Friday morning.

The meeting focused on hearing from state business leaders and retirement planners, who laid out the high cost for many small firms to set up retirement funding for their employees. While the panel was presented with a few solutions, none will be formally presented by the task force until a final meeting in January in Harrisburg.

Friday, November 17, 2017/Author: Stephen Caruso
Categories: News and Views
House Finance Committee cancels Monday vote on severance tax proposal

House Finance Committee cancels Monday vote on severance tax proposal

While the House Finance Committee had sunshined a Monday vote on a severance tax proposal that would have imposed a 3.2 percent severance tax on natural gas extracts on top of the already-existing local impact fee, the meeting was abruptly cancelled on Friday.

Friday, October 13, 2017/Author: Jason Gottesman
Categories: News and Views
DePasquale riffs on budget morass

DePasquale riffs on budget morass

Auditor General Eugene DePasquale Thursday offered takes related to the current state budget situation, noting those in charge of figuring out how to balance and manage state finances are not facing “a lot of ideal decisions.”

Thursday, October 12, 2017/Author: Jason Gottesman
Categories: News and Views
Gov. Wolf confident October pressure-point payments will not be missed

Gov. Wolf confident October pressure-point payments will not be missed

Gov. Tom Wolf said Wednesday that as he continues to manage the state’s fiscal situation in the absence of a budget-balancing revenue package from the General Assembly, he is confident that State Treasurer Joe Torsella will resume authorizing short-term lending to allow enough cash-on-hand to make October payments to human services providers and public schools.

Wednesday, October 11, 2017/Author: Jason Gottesman
Categories: News and Views
Treasurer Torsella defends not loaning money to General Fund

Treasurer Torsella defends not loaning money to General Fund

State Treasurer Joe Torsella Monday defended his recent decisions to discontinue loaning funds from Treasury’s short-term investment pool and not authorizing the ability of the Commonwealth to seek outside borrowing without a balanced budget based on his interpretation of prudent lending standards and precedent in making similar types of financial maneuvers.

Monday, September 25, 2017/Author: Jason Gottesman
Categories: News and Views
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