Harrisburg, PA - Pennsylvania Treasurer Joe Torsella today issued the following statement on the commitment by Pennsylvania’s Public School Employees’ Retirement System (PSERS) to monitor its existing and any potential asset managers to ensure they did not take advantage of the rescue program designed for small businesses.
Harrisburg, PA - As several large ventilator manufacturers have taken new steps to release repair information, Pennsylvania Treasurer Joe Torsella today issued the following statement, on behalf of a coalition of fiscal officers who earlier this month called on two dozen ventilator manufacturers to release necessary repair information for hospitals to use in the fight against COVID-19.
Harrisburg, PA - Pennsylvania Treasurer Joe Torsella today joined with Delaware Treasurer Colleen Davis, Illinois Treasurer Michael Frerichs, Rhode Island Treasurer General Seth Magaziner, and Colorado Treasurer Dave Young to call on manufacturers of ventilators to release service manuals to repair ventilators, for the duration of the coronavirus pandemic. Without this critically important information, hospitals are unable to make repairs to ventilators, rendering them unusable during a time of dire need.
Harrisburg, PA - Pennsylvania Treasurer Joe Torsella today announced a bond purchasing program that seeks to provide financial relief to non-profit and public healthcare systems in Pennsylvania. This would help to provide liquidity to healthcare systems, while reducing the extreme borrowing costs they have recently incurred, caused by unusual market volatility.
Harrisburg, PA - Pennsylvania State Treasurer Joe Torsella today issued the following statement regarding the liquidity of Commonwealth funds in the coming months and the steps Treasury has taken to preserve the ability of the Commonwealth to meet critical expenditure needs: