News Releases - October 2024

Gavel

Treasurer Stacy Garrity Thanks Governor Shapiro for Signing Bipartisan Legislation to Reform State Tax Appeals Process

New law will streamline and improve the process of resolving tax disputes in PA


Harrisburg, PA - Pennsylvania Treasurer Stacy Garrity today applauded Governor Josh Shapiro for signing Senate Bill 1051, pro-taxpayer legislation sponsored by Sen. Scott Hutchinson (R-21) and supported by overwhelming bipartisan majorities in the General Assembly. A companion bill was introduced in the House by Rep. Tim Briggs (D-149).


hands with money

Treasurer Stacy Garrity, Sen. Amanda Cappelletti, Rep. Mary Jo Daley & Rep. Tim Briggs Return More Than $32,000 in Unclaimed Property to Lower Merion Township


Ardmore, PA - Pennsylvania Treasurer Stacy Garrity, Sen. Amanda Cappelletti (D-17), Rep. Mary Jo Daley (D-148), Rep. Tim Briggs (D-149) and Lower Merion Chief Financial Officer Adam M. Szumski announced today that more than $32,000 in unclaimed property has been returned to Lower Merion Township.


14K yellow gold “Chief” pendant with round brilliant cut diamonds

Treasurer Stacy Garrity: PA 529 Investment Plan Earns Second Consecutive Morningstar Gold Rating

Morningstar highlights “exceptional oversight and advocacy” and praises fee cuts


Harrisburg, PA - Pennsylvania Treasurer Stacy Garrity announced today that the PA 529 College and Career Savings Program Investment Plan (IP) received a Gold Rating from Morningstar for the second consecutive year, ranking it as one of the very best 529 plans in the nation. This is the highest designation possible through the firm’s review of the top 529 education savings plans of 2024.


Treasurer Stacy Garrity, Sen. Gene Yaw & Rep. Jamie Flick Return $4,500 in Unclaimed Property to Little League Baseball, Incorporated

Treasurer Stacy Garrity, Sen. Camera Bartolotta and Rep. Jason Ortitay Return More Than $34,000 in Unclaimed Property to Two Washington County Municipalities


Harrisburg, PA - Pennsylvania Treasurer Stacy Garrity, Sen. Camera Bartolotta (R-46) and Rep. Jason Ortitay (R-46), along with Canonsburg Mayor David Rhome, announced today that more than $11,500 in unclaimed property has been returned to Canonsburg. An additional $22,800 was returned to Chartiers Township, also in Washington County.


Treasurer Stacy Garrity, Sen. Gene Yaw & Rep. Jamie Flick Return $4,500 in Unclaimed Property to Little League Baseball, Incorporated

Treasurer Stacy Garrity, Sen. Gene Yaw & Rep. Jamie Flick Return $4,500 in Unclaimed Property to Little League Baseball, Incorporated

About two million children around the world play Little League Baseball and Softball each year


South Williamsport, PA - As the Major League Baseball World Series gets underway, Pennsylvania Treasurer Stacy Garrity, Sen. Gene Yaw (R-23) and Rep. Jamie Flick (R-83) announced today that more than $4,500 in unclaimed property has been returned to Little League Baseball, Incorporated.


Treasurer Stacy Garrity, PA Chamber, State Legislators Encourage Businesses to Use New PA 529 and PA ABLE Tax Credits

Treasurer Stacy Garrity, PA Chamber, State Legislators Encourage Businesses to Use New PA 529 and PA ABLE Tax Credits

New law gives companies a unique opportunity to help employees save for education and disability-related expenses


Harrisburg, PA - Treasurer Stacy Garrity and PA Chamber of Business and Industry President and CEO Luke Bernstein today encouraged businesses to help their employees save for the future by using new tax credits for matching contributions to employees’ PA 529 and PA ABLE accounts. The credits will be available starting in 2025.


Treasurer Stacy Garrity and Sen. Kristin Phillips-Hill

Treasurer Stacy Garrity and Sen. Kristin Phillips-Hill Return $205,000 in Unclaimed Property to Residents of Southern York County

Event at Senator’s district office identified money owed to dozens of constituents


Springfield Township, PA - Pennsylvania Treasurer Stacy Garrity and Sen. Kristin Phillips-Hill (R-28) today announced that over $205,000 in unclaimed property is being returned to residents of Southern York County following Sen. Phillips-Hill’s recent unclaimed property event at her district office in Springfield Township.


PA ABLE

Treasurer Stacy Garrity Celebrates Record: More Than $500 Million Returned to Pennsylvanians Over Two Years

Treasurer also highlights new laws improving state’s unclaimed property system


Harrisburg, PA - Treasurer Stacy Garrity today celebrated another record for returning unclaimed property: For the first time ever, the Pennsylvania Treasury Department returned more than $500 million over two consecutive years. Treasury also set records for the number of claims paid in a single year, and the amount of unclaimed property collected from holders in a single year.


PA ABLE

Treasurer Stacy Garrity and Senator Bob Casey: PA ABLE Savings Program Surpasses $135 Million in Assets

Savings program gives people with disabilities greater control of their finances


Allentown, PA - Treasurer Stacy Garrity and Senator Bob Casey today announced the PA ABLE Savings Program has surpassed $135 million in assets, a major program milestone. PA ABLE (Achieving a Better Life Experience) accounts help Pennsylvanians with disabilities and their families to save for disability-related expenses without impacting important benefits.


Gavel on desk

Treasurer Stacy Garrity Praises Lawmakers for Bipartisan Passage of Legislation to Reform State Tax Appeals Process

Pro-taxpayer legislation will authorize BF&R to create independent settlement process


Harrisburg, PA - Pennsylvania Treasurer Stacy Garrity applauded lawmakers in the Pennsylvania House and Senate for their bipartisan approval of Senate Bill 1051, pro-taxpayer legislation sponsored by Sen. Scott Hutchinson (R-21) to streamline and improve the process of resolving tax disputes with the Pennsylvania Department of Revenue (DOR).


Treasurer Stacy Garrity: New Rainy Day Fund Investment Strategy Increases Earnings by $50 Million

Treasurer Stacy Garrity: New Rainy Day Fund Investment Strategy Increases Earnings by $50 Million

New investment pool was created by the Treasurer to bolster the RDF one year ago


Harrisburg, PA - Treasurer Stacy Garrity today announced that the Rainy Day Fund has generated $400 million in earnings since she implemented a new investment strategy in October 2023. That’s $50 million more than would have been generated without the improvement.


Cybersecurity

Treasurer Stacy Garrity and PA Bankers Association Join Forces to Help Pennsylvanians Avoid Cyber Fraud

October is National Cybersecurity Awareness Month


Harrisburg, PA - Treasurer Stacy Garrity, PA Bankers Association President & CEO Duncan Campbell, and Richard Cimakasky, Penn Community Bank Fraud & Security Officer and former FBI Special Agent, teamed up at a press conference Tuesday to kick off Cybersecurity Awareness Month, warning Pennsylvanians about the dangers of cybersecurity fraud and offering advice on how to make sure their personal information is safe.