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$39 Million Idle in Pennsylvania State Accounts
Opinion argues state funds totaling 39 million dollars sit unused in about 300 banks while state agencies face high borrowing costs. It criticizes the Board of Finance and Revenue for secrecy and unminuted meetings and notes modest interest rates despite calls to reinvest in higher yielding securities.
MENTIONED IN THIS ARTICLE
Harrisburg
UPI
Commonwealth of Pennsylvania
Commonwealth
Temple University
State Board of Finance and Revenue
Revenue
Warner M. Depuy
Pike County
Robert P. Casey
Depuy
Grace M. Sloan