TERM:	Four years.
SALARY:	$141,565
DUTIES	The state treasurer, as chief executive officer of the Treasury Department, is official custodian of commonwealth funds. Fundamental duties of the department are receipt and deposit of moneys received from state agencies, investment in short-term securities of moneys exceeding the daily needs of more than 140 separate funds, management of securities within its custody, pre-auditing all requisitions for expenditure of state funds as to legality and correctness, and payment of state moneys to those entitled to them.

We asked candidates for state treasurer: What specific priorities do you have if elected to the office of state treasurer?

Lower Merion

Age: 49

Occupation: Full-time candidate after 15 years as a financial executive.

Education: 1982, Harvard University, AB; 1989, University of Pennsylvania Wharton School, MBA

Occupation: Full-time candidate after 15 years as a financial executive.

Qualifications: 15-year career in finance; Managed more than $1 billion in assets; Raised money for start-up companies that have created more than 2,000 jobs in Pa.

Answer to question: In these uncertain economic times, it is more important than ever to have a state treasurer with appropriate business and financial expertise. As a business leader who has managed over $1 billion in assets and helped fund start-up companies that created over 2,000 Pa.-based jobs, I will serve as a catalyst for positive economic change. In addition to generating jobs, I plan to help improve pension performance, cut wasteful spending and invest in environment-protecting technologies.

Cheltenham

Age: 49

Occupation: Public-finance attorney — Partner, Ballard Spahr Andrews & Ingersoll LLP, 1985-present.

Education: 1982, University of Pennsylvania, B.A. (summa cum laude, Phi Beta Kappa) 1985, University of Pennsylvania Law School, J.D. (cum laude, Editor, Law Review)

Occupation: Public Finance Attorney — Partner, Ballard Spahr Andrews & Ingersoll, LLP, 1985-present.

Background: Chairman, Montgomery County Board of Commissioners, 2004-07, reduced property taxes, saved $30 million; Cheltenham Board of Commissioners, 1990-02 (Chair, Finance Committee); 22 years experience in finance.

 

Answer to question: 1. Use over 22 years of public-finance experience to protect tax dollars and ensure financial responsibility in office of treasurer. Saved over $30 million in debt service as County Commissioner. 2. Enhance 529 college-savings program to make best in nation — encourage college savings and provide incentives to save, such as matching funds (not taxpayer dollars). 3. Implement policy prohibiting investment in nations that sponsor terrorism (enacted as County Commissioner).

 

Ashland Twp

Background: No Response Received.

Answer to question: No Response Received.

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