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Timothy A. Reese
Timothy A. Reese is a former treasurer of Pennsylvania. He assumed the office on July 1, 2015. He was appointed by Gov. Tom Wolf (D) in April 2015 to replace interim treasurer Christopher Craig.[1] Craig replaced Rob McCord (D) after his resignation following a federal investigation into campaign finance violations.[2]
Reese served the remainder of McCord's elected term, which ended in 2017. Prior to assuming office, Reese stated that he would not seek a full term during the 2016 election.[3]
Biography
Reese earned a B.S. in electrical engineering and electronics technology from Temple University in 1990 and was a business fellow at Temple University's business school. Prior to become state treasurer, Reese worked as a businessman and an investor for over 20 years.[1]
Political career
Pennsylvania Treasurer (2015-2017)
Reese assumed the office on January 30, 2015. He served in the position until his successor, Joseph Torsella (D), assumed office on January 17, 2017.[3][4]
At his swearing-in ceremony, Gov. Wolf made the following remarks about Reese:
| “ |
Tim is a proven leader who brings a strong track record of accomplishment, passion for financial literacy and expertise as a leader, investor and entrepreneur...I look forward to his leadership as we continue to move Pennsylvania’s economy forward. [5] |
” |
| —Pennsylvania Treasury, (2015), [1] | ||
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.[6] 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[7]
Elections
2016
- See also: Pennsylvania Treasurer election, 2016
Reese did not run for election to a full term as Pennsylvania treasurer in 2016.[3]
Personal
Note: Please contact us if the personal information below requires an update.
Reese and his wife, Sara, have three sons and live in Montgomery County, Pennsylvania.[1]
Recent news
The link below is to the most recent stories in a Google news search for the terms Tim Reese Pennsylvania Treasurer. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
See also
| Pennsylvania | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ 1.0 1.1 1.2 1.3 Pennsylvania Treasury, "Timothy A. Reese confirmed as Treasurer, Commonwealth of Pennsylvania," July 1, 2015
- ↑ The Washington Post, "Pennsylvania state treasurer quits, will plead guilty to campaign finance charges," January 30, 2015
- ↑ 3.0 3.1 3.2 Ballot Access News, "Pennsylvania Gets an Independent for State Treasurer," July 5, 2015
- ↑ Pittsburgh Post-Gazette, "New Pennsylvania attorney general, treasurer to take office today," January 17, 2017
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ 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 Christopher Craig |
Pennsylvania Treasurer 2015-2017 |
Succeeded by Joseph Torsella (D) |
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