PA Treasurer looks to save money through “passive” investment strategy

PA Treasurer looks to save money through “passive” investment strategy

State Treasurer Joe Torsella announced earlier this week that, in a move expected to save $195 million over 20 years, all of the Commonwealth’s $2.4 billion public equity investments will be managed through a “passive” investment strategy.

 

According to Torsella, the move will save $5 million paid in fees each year to investment managers that he says often underperform in the market and will be a step toward ending the pay-to-play culture that has existed in the Treasury and other areas of state government.

Wednesday, April 12, 2017/Author: Jason Gottesman
Categories: News and Views
Redistricting transparency proposal rebooted

Redistricting transparency proposal rebooted

A proposal that aims to bring more transparency to the redistricting process has been recently reintroduced by Rep. Sheryl Delozier (R-Cumberland).

 

The proposal, which is currently in its cosponsorship memo form, was introduced last session by Rep. Delozier as House Bill 1898 and seeks to amend Pennsylvania’s constitution to change how state and Congressional districts are drawn.

Monday, April 10, 2017/Author: Jason Gottesman
Categories: News and Views
State looks to begin crackdown of Philadelphia stop-and-gos

State looks to begin crackdown of Philadelphia stop-and-gos

As Republicans in the state legislature look toward more private participation in the retail liquor and wine market, one current retail alcohol anathema is being examined for stricter enforcement: so-called “stop-and-go” locations in Philadelphia.

 

Operating on the fringes of the law or blatantly outside of it, the establishments are nicknamed “stop-and-go” due to their status as a convenience store or deli that also sells beer and liquor—sometimes in quantities as low as a single shot—often times consumed on premises or immediately outside the store.

Monday, April 10, 2017/Author: Jason Gottesman

Rotunda Ramblings - Episode 41: PSERS executive director Glen Grell

 
The podcast this week features a pension reform can't miss as we sit down with PSERS executive director Glen Grell. Also, a recap of the week's budget news and other items.

Friday, April 7, 2017/Author: Jason Gottesman
Categories: Rotunda Ramblings
Lawmakers introduce proposal to delay human services-related agency consolidation

Lawmakers introduce proposal to delay human services-related agency consolidation

In the same session week that saw a House Republican crafted budget proposal make its way to the Senate, legislation has been put into the works that would delay a major portion of the budget plan: the consolidation of four human services-related state agencies.

 

The same day that the budget bill passed the House, Rep. Gene DiGirolamo (R-Bucks) and Rep. Seth Grove (R-York) began circulating a cosponsorship memo for legislation to delay the consolidation of the Department of Human Services, Department of Health, Department of Aging, and Department of Drug and Alcohol Programs until studies conducted by the Joint State Government Commission and the Legislative Budget and Finance Committee can be completed and shared with the legislature.

Friday, April 7, 2017/Author: Jason Gottesman
Categories: News and Views
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