Stacy Garrity

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Garrity challenged incumbent Democrat Joe Torsella for Pennsylvania Treasurer in January 2020, [4] winning the Republican nomination unopposed in June. Garrity charged that Torsella was mainly interested in the office to boost his profile and run for higher office, such as the state's governorship. She criticized Torsella's management of the office and alleged a lack of transparency, citing a D− rating given by the Public Interest Research Group in 2019. [17]

On November 10, 2020, a week after election day, Torsella called Garrity to concede the race, with Garrity leading by 78,000 votes at the time of his concession. It was the first time a Republican had unseated an incumbent Democrat for a statewide office in Pennsylvania since 1994. [5]

Tenure

On March 15, 2023, Garrity joined Pennsylvania Senator John DiSanto in introducing legislation that will automatically return unclaimed property to Pennsylvania residents. [18] Pennsylvania Money Match will authorize Treasury to automatically return single-owner property for living individuals valued up to $5,000 to the rightful owner after a thorough identification and verification process. [18]

In May 2021, Garrity joined a critical letter sent by several Republican state treasurers to the Biden administration, charging that the administration was inappropriately encouraging financial institutions to stop supporting fossil fuels. [19] The letter said that the government should not "bully corporations into curtailing legal activities," but it also threatened that the state governments represented by the signatory officials may divest their state funds from any banks that no longer support fossil fuel projects. [19] Garrity's participation in this letter was criticized by an editorial of the Hazelton Standard-Speaker . [20]

In honor of National College Savings Day in 2021, Garrity had the Pennsylvania Treasury offer $100 to families that opened 529 college savings plans. [21]

In 2021, in her ex-officio capacity on the board of the Pennsylvania Public School Employees’ Retirement System, Garrity joined a group of "dissident" board members opposing the contemporary management of the pension fund's investments, arguing instead that the pension fund should invest in low-fee, public investments. After failing to dismiss the fund's managers, the dissident group of board members, including Garrity's predecessor Joe Torsella, successfully blocked an investment strategy proposed by the fund managers in September 2021. [22]

In 2022, Garrity opposed Pennsylvania governor Tom Wolf's proposal to award state employees with five days vacation from work if they got vaccinated for COVID-19, claiming that it would cost the state government one-hundred million dollars. [23] The Wolf administration claimed that Garrity's cost estimate was seriously exaggerated. Pennsylvania Secretary of Administration Michael Newsome, whose position reports to the governor, estimated the cost of the vacation incentives to be $45 million. [23]

On May 6, 2022, Garrity appeared at a rally with former president Trump and 2022 U.S. Senate candidate Mehmet Oz in Greensburg, at which she endorsed Trump's false claim that he won the 2020 presidential election. [24]

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References

  1. 1 2 3 Shapiro, Ari (June 18, 2004). "The Angel of the Desert". NPR . Retrieved November 10, 2020.
  2. 1 2 "Iraq War Veteran Stacy Garrity announces candidacy for PA-12". Potter Leader-Enterprise . February 14, 2019. Retrieved November 10, 2020.
  3. 1 2 3 DiStefano, Joseph N. "'Desert Angel' Garrity: Pa.'s new treasurer pledges openness, close scrutiny of pension funds". www.inquirer.com. Retrieved June 1, 2021.
  4. 1 2 "Republican seeks party nod to run for Pennsylvania treasurer". Associated Press . January 24, 2020. Retrieved November 10, 2020.
  5. 1 2 Seidman, Andrew; Brennan, Chris (November 10, 2020). "Pa. Treasurer Joe Torsella has lost his reelection bid, in a big upset by Republican Stacy Garrity". The Philadelphia Inquirer . Retrieved November 10, 2020.
  6. 1 2 Stockburger, George (November 10, 2020). "Bradford County native Stacy Garrity wins PA State Treasurer race". WYOU . Retrieved November 10, 2020.
  7. ↑ Garcia, Isabel (November 10, 2020). "Bradford County native Stacy Garrity elected PA State Treasurer". WENY . Retrieved November 10, 2020.
  8. ↑ "Republican seeks party nod to run for Pennsylvania treasurer". Ellwood City Ledger. Retrieved June 1, 2021.
  9. ↑ "Meet Stacy". February 27, 2021. Archived from the original on February 27, 2021. Retrieved June 1, 2021.
  10. ↑ Brinkley, Joel (May 6, 2003). "In Victory for Powell, Bush Names Civilian Overseer for Iraq". The New York Times . Retrieved November 10, 2020.
  11. 1 2 Corp, Global Tungsten & Powders. "GTP's Vice-President Stacy Garrity elected as Pennsylvania State Treasurer". www.globaltungsten.com. Retrieved June 1, 2021.
  12. ↑ "Pa. state treasurer faces three challengers seeking his job". pennlive. October 30, 2020. Retrieved June 2, 2021.
  13. 1 2 Malfitano, Nicholas. "Defamation lawsuit involving rival tungsten product manufacturers brought to Pennsylvania federal court". Pennsylvania Record. Retrieved June 2, 2021.
  14. ↑ "Southern District of California | Tungsten Heavy Powder of San Diego Agrees to Pay $5.6 Million to Settle False Claims Act Allegations | United States Department of Justice". www.justice.gov. April 29, 2021. Retrieved March 25, 2023.
  15. ↑ "PA12: Stacy Garrity Announces Bid for GOP Primary". Politics PA. Retrieved June 1, 2021.
  16. ↑ "Decorated Veteran, Businesswoman Stacy Garrity Announces State Treasurer Candidacy". January 23, 2021. Archived from the original on January 23, 2021. Retrieved June 1, 2021.
  17. ↑ Maisel, Matt (October 29, 2020). "Pa. Treasury election candidates at odds over integrity, transparency of office". WPMT . Retrieved November 10, 2020.
  18. 1 2 "Treasurer Stacy Garrity and Senator John DiSanto Announce Legislation to Automatically Return Unclaimed Property". patreasury.gov. Retrieved March 25, 2023.
  19. 1 2 "Pa. Treasurer Garrity warns banks against divesting from fossil fuel companies". Pittsburgh Post-Gazette. Retrieved June 1, 2021.
  20. ↑ "Garrity banking on outdated energy sources". Hazleton Standard Speaker. Retrieved June 1, 2021.
  21. ↑ Walzak, Josh. "State Treasurer Encourages Families to Save for Education with PA 529 Accounts". The Courier Express. Retrieved June 1, 2021.
  22. ↑ DiStefano, Joseph N. "For the first time, rebels block PSERS management's investment advice at state's biggest pension fund". mcall.com. Retrieved September 27, 2021.
  23. 1 2 "Cost of Gov. Wolf's vaccine incentive still unclear". ABC27. February 17, 2022. Retrieved February 20, 2022.
  24. ↑ McGoldrick, Gillian (May 6, 2022). "Trump takes the stage in Greensburg, with a mixed review of Oz". Pittsburgh Post-Gazette . Harrisburg . Retrieved May 7, 2022.
Stacy Garrity
Stacy Garrity US Army.jpg
79th Treasurer of Pennsylvania
Assumed office
January 19, 2021
Political offices
Preceded by Treasurer of Pennsylvania
2021–present		Incumbent
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