Investing tweaks to PA’s Rainy Day Fund investing process have benefitted the state $50 million in just one year
07 October 2024- Treasurer Stacy Garrity today announced that the Rainy Day Fund has generated $400 million in earnings since she implemented a new investment strategy in October 2023. That’s $50 million more than would have been generated without the improvement.
“Our new investment strategy is paying off for Pennsylvania taxpayers. I’m proud that we’ve added an extra $50 million to the Rainy Day Fund, and I will continue to fight for fiscal responsibility. When I took office, the Rainy Day Fund was essentially dry – there was only enough money to run the state for about 48 hours. I’ve been a strong advocate for building our reserves, and thanks to a number of wise decisions by the General Assembly and the…
