Why Is Rob McCord Using His Taxpayer Funded Office For Politics?

HARRISBURG — Republican Party of Pennsylvania Chairman Rob Gleason released the following statement questioning Democratic Treasurer Rob McCord’s apparent misuse of his office to take political cheap shots at Governor Corbett. Rob McCord is assumed to be a Democratic candidate for Governor in 2014:

“If Rob McCord wants to run for Governor, he need to start a campaign office and stop play politics in the Treasurer’s office. If McCord has this much free time on his hands, he should reevaluate his obligation to serve as a steward of our taxpayer dollars. We can bet that this won’t be the last time Rob McCord will use the taxpayer-funded Treasurer’s office for political gain.” Chairman Rob Gleason said.

Press release sent by McCord’s Official Spokesman through the Treasurer’s Office to Criticize Governor Corbett

Treasurer McCord Commends President for Focus on Higher Education

HARRISBURG, PA–(Marketwired – August 23, 2013) – State Treasurer Rob McCord welcomes the attention President Barack Obama is bringing today to the importance of higher education and his efforts to make it more affordable. On a visit to Scranton this afternoon, the president intends to speak about rising higher education costs and his plans to combat them.

“This is an important issue, particularly for Pennsylvania students who face higher tuition because of the Corbett Administration’s significant cuts to state-owned and state-related schools,” McCord said. “Pennsylvania’s graduates are shouldering the burden of these cuts. Our graduates carry the second highest level of student debt of any state in the nation.

“Investments in higher education — both on the part of the state and students — are investments in our future that will yield returns for decades to come in the form of more jobs, higher earnings, and a better educated workforce.

“We need to boost, not cut, funding for public universities, and at the same time work with them better to control costs and help them operate more efficiently,” McCord added.

McCord, who is in charge of the Pennsylvania 529 College Savings program, has been a leader in helping families to afford college. Thanks to Treasury’s successful outreach over the past four years, a record number of families are saving for college through the tax-advantaged PA 529 program with 177,491 open accounts.

Just last week, McCord announced that he was lowering fees on the PA 529 Guaranteed Savings Plan (GSP) by as much as 30 percent, due to the strong investment performance of the GSP fund. When McCord took office at the beginning of 2009, the GSP stood at only a 70 percent actuarial funding level. It has now improved to more than 100 percent and is fully funded.

For more information, visit www.patreasury.gov.

Media contact:
Gary Tuma
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