While not enough for downpour, Pennsylvania adds $22 million to rainy day fund

While not enough for downpour, Pennsylvania adds $22 million to rainy day fund

For the first time in a decade, Pennsylvania will have a nice chunk of change to squirrel away in its coffers.

As part of the 2018 budget, passed by the General Assembly and signed by Gov. Tom Wolf eight days ahead of time, the commonwealth is putting $22 million into its Budget Stabilization Reserve Fund, or rainy day fund for short.

Thursday, July 12, 2018/Author: Stephen Caruso
Pension reform review to begin with sights on $3 billion in savings

Pension reform review to begin with sights on $3 billion in savings

Following up on last year’s pension reform bill, Rep. Mike Tobash (R-Schuylkill) and State Treasurer Joe Torsella announced the start of a review of the state’s retirement system Wednesday.

The bipartisan duo serve as the chair and vice chair, respectively, of the Public Pension Management and Asset Investment Review Commission. 

Wednesday, May 30, 2018/Author: Stephen Caruso
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