Treasurer of Pennsylvania

Head of the Pennsylvania Treasury Department

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Treasurer of Pennsylvania

Logo of the Pennsylvania State Treasury

Flag of the Commonwealth of Pennsylvania

Incumbent
Stacy Garrity

since January 19, 2021

Seat| 129 Finance Building, Harrisburg, Pennsylvania, U.S.
Term length| Four years, renewable once consecutively
Inaugural holder| David Rittenhouse
Formation| 1777
Website| www.patreasury.gov

The treasurer of Pennsylvania is the head of the Pennsylvania Treasury Department, an independent department of the commonwealth's government. The treasurer is elected every four years. Treasurers are limited to two consecutive terms.

## Pennsylvania Treasury Department

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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 department uses that money to make payments on behalf of state government, including payroll for state employees and charges incurred by government agencies. Before issuing payments, Treasury's Bureau of Fiscal Review must carefully examine invoices to make certain the charges are lawful and correct.[citation needed]

While managing cash flow to ensure that enough money is on hand to meet financial obligations, Treasury also places funds in widely diversified short-term and long-term investments to earn income for state taxpayers. It also holds and/or invests funds for other government agencies, such as the state pension boards. As of 2014, Treasury is custodian of approximately $100 billion in public assets.[citation needed]

### PA 529 College Savings Program

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The PA 529 College Savings Program gives families a tax-advantaged way to make college possible for their children.[citation needed]

### Unclaimed property

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Treasury's Unclaimed Property Bureau works to reunite more than $2 billion in lost, forgotten and abandoned property with its rightful owners. Since 2009, Treasury has collected $1.134 billion in abandoned property and returned $518 million back to the rightful owners, netting $616 million for the state General Fund budget.[citation needed]

### INVEST

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The INVEST program helps local governments and nonprofits invest their money with flexibility, security, and confidence. INVEST uses Treasury's professional investment expertise, minus the high costs of other investment programs. With less money spent on management fees, more money is spent on Pennsylvania's communities.[citation needed]

### Responsibilities

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1. Conducting investigations of loss, theft, or fraud involving commonwealth checks.
2. Reviewing and approving real estate leases and sole source contracts entered into by commonwealth agencies before such leases and contracts can become effective.
3. Housing the Pennsylvania Contracts e-Library. In response to the new Right-to-Know Law signed by Governor Ed Rendell on February 14, 2008, Treasury is required to make available certain government contract information for public inspection by posting it on a publicly accessible Web site.[citation needed]

### State boards

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The department's reach also extends to the many state boards on which the treasurer serves. For example, as the chairperson of the Board of Finance and Revenue, the treasurer directs the selection of the banks where state funds are deposited and sets the interest rates paid on them. The treasurer also serves on boards that oversee state pension funds and has a voice in how these funds are managed and invested. Other board-related activities allow the treasurer to help provide Pennsylvania schools with tax-exempt financing for modernization, make grants to distressed communities, and finance the purchase of rental housing for residents in need. [citation needed]

### Other services

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The Treasury provides several other services to state residents, such as financial education programs for individuals and businesses, and a debit card for recipients of unemployment compensation and workers compensation benefits. It makes low-interest loans available for energy efficiency improvements in residential homes through Keystone HELP, and invests in energy upgrades in college and university buildings through its Campus Energy Efficiency Fund.[citation needed]

## List of Pennsylvania treasurers

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This list is incomplete; you can help by adding missing items. (February 2009)

|

Portrait | Name | Term | Party

|
|
|

| Samuel Carpenter | 1704–1710, 1711–1713  |
| David Rittenhouse | 1777–1789  |
| Christian Febiger | 1789–1797  |
| Peter Baynton  | 1797–1801  |
| Jacob Carpenter  | 1801–1802  |
| Isaac Weaver Jr. | 1802–1807  | Democratic-Republican
| William Findlay | 1807–1817  | Democratic-Republican
| R. M. Crain  | 1817–1820  |
| John B. Trevor | 1820–1821  |
| William Clark  | 1821–1827  |
| Alexander Mahon  | 1827–1835  |
| Joseph Lawrence | 1835–1836  |
| Daniel Sturgeon | 1836–1840  | Democratic
| Almon Heath Read | 1840–1841  | Democratic
| John Gilmore | 1841–1842  |
| Job Mann | 1842–1845  |
| James Ross Snowden | 1845–1847  | Democratic
| John Banks | 1847–1848  | Whig
| Arnold Plumer | 1848–1849  | Democratic
| Gideon J. Ball  | 1849–1850  |
| John M. Bickel  | 1850–1854  | Democratic
| Joseph Bailey | 1854–1855  | Democratic
| Eli Slifer  | 1855–1856  | Whig
| Henry S. Magraw | 1856–1859  |
| Eli Slifer  | 1859–1861  | Republican
| Henry Dunning Moore | 1861–1863  | Republican
| William V. McGrath  | 1863–1864  |
| Henry Dunning Moore | 1864–1865  | Republican
| William H. Kemble  | 1865–1868  | Republican

| William Wilken Irwin  | 1868–1869  |
| Robert W. Mackey  | 1869–1870  | Republican

| William Wilken Irwin  | 1870–1871  |
| Robert W. Mackey  | 1871–1876  | Republican
| Henry Rawle  | 1876–1878  | Republican
| Amos C. Noyes | 1878–1880  | Democratic
| Samuel Butler | 1880–1882  | Republican
| Silas M. Bailey  | 1882–1884  | Republican
| William Livsey  | 1884–1886  | Republican
| Matthew Quay | 1886–1887  | Republican
| William Livsey  | 1887–1888  | Republican
| William B. Hart  | 1888–1889  | Republican
| William Livsey  | 1889–1890  | Republican
| Henry K. Boyer  | 1890–1892  | Republican
| John W. Morrison  | 1892–1894  | Republican
| Samuel M. Jackson  | 1894–1896  | Republican
| Benjamin J. Haywood  | 1896–1898  | Republican
| James S. Beacom  | 1898–1900  | Republican
| James E. Barnett  | 1900–1902  | Republican
| Frank G. Harris  | 1902–1904  | Republican
| William L. Mathues | 1904–1906  | Republican
| William H. Berry | 1907–1908  | Democratic
| John O. Sheatz | 1908–1911  | Republican
| Charles Frederick Wright | 1911–1913  | Republican
| Robert K. Young  | 1913–1917  | Republican
| Harmon M. Kephart  | 1917–1921  | Republican
| Charles A. Snyder | 1921–1925  | Republican
| Samuel S. Lewis | 1925–1929  | Republican
| Edward Martin | 1929–1933  | Republican
| Charles A. Waters | 1933–1937  | Republican
| F. Clair Ross | 1937–1941  | Democratic
| G. Harold Wagner | 1941–1945  | Democratic
| Ramsey S. Black  | 1945–1949  | Democratic
| Charles R. Barber | 1949–1953  | Republican
| Weldon Brinton Heyburn | 1953–1957  | Republican
| Robert F. Kent | 1957–1961  | Republican
| Grace M. Sloan | 1961–1965  | Democratic
| Thomas Z. Minehart | 1965–1969  | Democratic
| Grace M. Sloan | 1969–1977  | Democratic
| Robert E. Casey[1] | 1977–1981  | Democratic
| R. Budd Dwyer | 1981–1987  | Republican
| G. Davis Greene Jr. | 1987–1989  | Democratic
| Catherine Baker Knoll | 1989–1997  | Democratic
| Barbara Hafer | 1997–2005  | Republican
| Bob Casey Jr. | 2005–2007  | Democratic
| Robin Wiessmann | 2007–2009  | Democratic
| Rob McCord | 2009–2015  | Democratic
| Tim Reese | 2015–2017  | Independent
| Joe Torsella | 2017–2021  | Democratic
| Stacy Garrity | 2021–  | Republican

## References

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1. ^ Madonna, G. Terry; Young, Michael (May 22, 2001). "In Pennsylvania politics, candidates with brand names win elections". The Morning Call. Retrieved January 17, 2020. "obscure Cambria County official"

## External links

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Wikimedia Commons has media related to State treasurers of Pennsylvania.

* The Pennsylvania Treasury Department

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State treasurers of the United States

United States Secretary of the Treasury: ▌Scott Bessent (R)

▌Young Boozer (R)

▌Adam Crum

▌Kimberly Yee (R)

▌John Thurston (R)

▌Fiona Ma (D)

▌Dave Young (D)

▌Erick Russell (D)

▌Colleen Davis (D)

▌Blaise Ingoglia (R)

▌Steve N. McCoy

▌Luis Salaveria

▌Julie Ellsworth (R)

▌Mike Frerichs (D)

▌Dan Elliott (R)

▌Roby Smith (R)

▌Steven C. Johnson (R)

▌Mark Metcalf (R)

▌John Fleming (R)

▌Joe Perry (D)

▌Dereck Davis (D)

▌Deb Goldberg (D)

▌Rachael Eubanks

▌Erin Campbell

▌David McRae (R)

▌Vivek Malek (R)

▌Brendan Beatty

▌Tom Briese (R)

▌Zach Conine (D)

▌Monica Mezzapelle

▌Liz Muoio (D)

▌Laura Montoya (D)

▌Thomas DiNapoli (D)

▌Brad Briner (R)

▌Thomas Beadle (R)

▌Robert Sprague (R)

▌Todd Russ (R)

▌Elizabeth Steiner (D)

▌Stacy Garrity (R)

▌James Diossa (D)

▌Curtis Loftis (R)

▌Josh Haeder (R)

▌David Lillard (R)

▌Kelly Hancock* (R)

▌Marlo Oaks (R)

▌Mike Pieciak (D)

▌David L. Richardson (I)

▌Mike Pellicciotti (D)

▌Larry Pack (R)

▌John Leiber (R)

▌Curt Meier (R)

Federal districts:

▌Glen Lee

Territories:

Malemo Tausaga

Marie Lizama

Tracy Norita

Ángel Pantoja (NPP)

Kevin McCurdy

Political party affiliations:

* ▌26 Republican (26 states)
* ▌16 Democratic (16 states)
* ▌1 Independent (1 state)
* ▌13 Nonpartisan (7 states, 1 district, 5 territories)

italics indicate closest equivalent to treasurer in this state

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Pennsylvania statewide elected officials

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