For Immediate Release
April 13, 2016
PA Treasurer Reese’s Statement on Education Funding
Harrisburg – Below is a statement by Pennsylvania State Treasurer Timothy A. Reese regarding the Fiscal Year 2015-16 appropriation for basic education payments to public schools as contained in the General Appropriations Act 1A of 2016.
“Treasury has not received any spending requisition that surpasses the basic education spending limitation language contained in Act 1A and does not anticipate receiving such a request until the last education payments for the current fiscal year scheduled in June. Since there may be unanticipated circumstances that could impact future payment decisions, it is premature to speculate on the legality of such payments."
“Throughout the recent budgetary impasse, I have executed my responsibility as custodian of Commonwealth funds independently and without consideration of partisan or political objectives. As in the past, I will be guided solely by the law and public interest should Treasury receive a payment requisition above the spending limitation contained in Act 1A.”
NOTE: Click here for Treasurer Reese’s letter responding to House Appropriations Chairman Adolph’s request.
Media contact: Scott Sloat, 717-787-4098 or 717-695-1789 or firstname.lastname@example.org
The Pennsylvania Treasury is an independent department of state government led by the state treasurer, who is elected every four years. The department's primary duty is to safeguard and manage the state's public funds. It invests state money to generate income on behalf of the citizens of Pennsylvania, reviews and processes payments for state government agencies, and serves as custodian of more than $100 billion in state funds. Key Treasury programs include Unclaimed Property, PA 529 College Savings Program and the Board of Finance and Revenue.