Christopher Craig (Pennsylvania)
Christopher Craig is the former interim Treasurer of Pennsylvania. He served in the position from his appointment in January 2015 until his replacement by Timothy A. Reese in July 2015.
Craig was appointed to replace Rob McCord (D) on January 30, 2015. McCord resigned effective earlier the same day following a federal investigation into campaign finance violations. Investigators found that McCord pressured two potential contributors to his failed gubernatorial run in 2014 by tying their donations to continued business with state offices.[1]
Biography
Craig served as the department's chief legal counsel prior to his appointment as secretary.[1]
Political career
Pennsylvania Treasurer (2015)
Craig assumed the office on January 30, 2015. He served in office until Gov. Tom Wolf (D) appointed Timothy A. Reese to serve the remaining two years of McCord's elected term.[1][2]
Duties
The "paramount duty" of the Pennsylvania Treasurer is to safeguard the Commonwealth's financial assets, which total more than $120 billion of public monies.[3] The office manages several programs in order to better serve the financial needs of Pennsylvanians. The Better Choice Program provides a less costly alternative to traditional payday lenders, while the 529 College Savings Program eases the burden of paying for college. The INVEST program provides flexible and secure investing for local governments and non profit organizations, offering investment pools for both long- and short-term needs.
The Treasurer has specific duties in addition to the oversight of the department:
- serves as Chair of the Board of Finance and Revenue, which selects banks to serve as depositories for state money
- sets interest rates paid on commonwealth deposits
- hears and decides state tax appeals[4]
Recent news
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See also
External links
Footnotes
- ↑ 1.0 1.1 1.2 The Washington Post, "Pennsylvania state treasurer quits, will plead guilty to campaign finance charges," January 30, 2015
- ↑ Pennsylvania Treasury, "Timothy A. Reese confirmed as Treasurer, Commonwealth of Pennsylvania," July 1, 2015
- ↑ Pennsylvania Treasury, "About," June 1, 2011
- ↑ Pennsylvania Treasury Profile 2011, Provided to staff by the treasury office, communication received June 6, 2011
| Political offices | ||
|---|---|---|
| Preceded by Rob McCord (D) |
Pennsylvania Treasurer 2015 |
Succeeded by Timothy A. Reese |
| |||||||||||||||||
