New online tool gives Pennsylvanians an in-depth look at the state’s long-term fiscal health
Harrisburg, PA - Pennsylvania Treasurer Joe Torsella today announced the launch of a groundbreaking Fiscal Health Scorecard, an online tool designed to allow Pennsylvanians to better understand the long-term drivers of the Commonwealth’s financial well-being.
“As Treasurer, I’ve worked with our team to open the Commonwealth’s books for the first time, so that anyone can see how each dollar in state spending goes. But just seeing that spending doesn’t tell us how well our government is doing, and how well our families are doing, at being on solid financial ground. Now, anyone can log into one place and see up-to-date information on those key measures of our fiscal health—not the changes we see in one or two budget cycles, but the underlying indicators that will determine our fiscal condition in the long run.
“We won’t always like what we see. But we can’t find policies to get to a better place if we don’t know where we are.”
Pennsylvania State Treasurer, Joe Torsella
The Fiscal Health Scorecard is a new feature of the state’s Transparency Portal that synthesizes and presents data on a user-friendly interface. The Scorecard looks at 13 different criteria including state credit ratings, pension funding status, population growth, unemployment rates and Rainy Day Fund status. Users can see in-depth details, charts and comparisons to see how Pennsylvania is faring nationally and in relation to similar states.
The new Fiscal Health Scorecard, developed in-house by Treasury staff and at no additional cost to taxpayers, is a tool for constituents, legislators and anyone with an interest in the fiscal health of Pennsylvania. The new Fiscal Health Scorecard can be found on Treasury’s award-winning Transparency Portal, here.