Pennsylvania State Treasurer Robert P. Casey, Jr.

     Robert P. Casey, Jr., took the oath of office as Pennsylvania’s State Treasurer on January 18, 2005, the same day he completed two terms as Pennsylvania’s Auditor General.

With his wife and four daughters by his side, Robert P. Casey, Jr. takes the oath of office as State Treasurer on January 18, 2005.

     As State Treasurer, Bob Casey serves as chief executive of the Treasury Department, with a budget of $51.5 million, and as statutory custodian of the funds of virtually all state agencies, including the state’s two largest public pension funds, which total over $105 billion.   

     Highlights of Bob Casey’s tenure include:

Launching a new Hospital Enhancement Loan Program to enable hospitals to secure lower-cost financing for facility and technology upgrades and to provide patients with high quality care.  In the first bond offering, three community hospitals received $20 million for improvements such as a new cancer center, state-of-the-art equipment, and vital facility renovations.

Developing a new, statewide loan program to enable homeowners to borrow money at low-interest rates to make key improvements to their homes that will conserve energy and reduce their fuel bills.  In the first nine months, Casey's KeystoneHELP program loaned nearly $3 million to homeowners throughout Pennsylvania.

Strengthening Pennsylvania's 529 Guaranteed Savings Plan by eliminating expensive premiums, securing a state tax deduction for contributions to the GSP, and earning an A3 investment grade rating from Moody’s Investors Service.  No other Section 529 plan in the country has a Moody’s rating.

Returning over $205 million in unclaimed property to more than 150,000 rightful owners.

Investing $90 million in one of the nation's most comprehensive plans to promote greater public and private investments in clean technologies.

Creating an Office of Investigations to conduct inquiries and make referrals to law enforcement agencies relating to counterfeiting, forgery and other criminal activities involving Commonwealth checks and accounts and claims fraud.

Saving taxpayers millions each year by canceling outside contracts and bringing the management of certain investments back in-house at Treasury.

Robert P. Casey, Jr. gives his inagural address as State Treasurer, January 18, 2005
Treasurer Casey gives his inaugural address, January 18, 2005.

     Bob Casey made history when he was elected State Treasurer on November 2, 2004, with over 3.3 million votes.  He was elected Auditor General in 1996 and re-elected in 2000.

     As Auditor General from 1997-2005, Bob Casey earned a reputation as a tough, independent watchdog for Pennsylvania taxpayers, a powerful advocate for people, and an honest public official.

     Under Bob Casey's leadership, the Department of the Auditor General uncovered the mismanagement, reckless spending, and theft of state money, saving taxpayers over $1 billion.  At the same time, Bob Casey revolutionized the use of performance audits, exposing serious problems and forcing dramatic reforms in the way the Commonwealth responds to nursing home complaints and in the way it subsidizes child care for low-income working mothers.

       Bob Casey's unprecedented audit work and advocacy laid the foundation for expanded state contracting opportunities for women and minorities.  He also led the fight to amend the state's Megan's Law to give families more information about convicted sex offenders living in their communities.

       On November 7, 2006, Bob Casey was elected to the United States Senate with nearly 59% of the vote.  One newspaper described his victory as "the most dominant performance by a Democrat in a Senate race since...1914."

      Throughout his public career, Bob Casey has been guided by the legacy of his father, the late Governor Robert P. Casey, and an inscription on the Finance Building in which he works that reads, “All public service is a trust, given in faith and accepted in honor.”

       Bob Casey was born and raised in Scranton, the eldest son of Governor Casey and his wife, Ellen.  From them, he learned the values of hard work, perseverance and faith.  Bob Casey graduated from The College of the Holy Cross and received a law degree from The Catholic University of America.  In the early 1980s, he taught fifth grade in North Philadelphia as part of the Jesuit Volunteer Corps.  From 1991 until he was elected Auditor General, he practiced law.

       Bob Casey and his wife, Terese Foppiano Casey, have been married for 21 years and are the parents of four daughters, Elyse; Caroline; Julia; and Marena.

 
 
Copyright (c) The Pennsylvania Treasury Department 2005