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Found-money fortune stirs up state treasurer race

Plus: Trump, TikTok, and PA's richest man.

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Monday, March 11, 2024
Today: Treasury test, Trump's TikTok flip-flop, Senate field, anti-fluoride, and Rite Aid's reversal. Also: The Muslim holy month of Ramadan has begun.
FOUND MONEY

This year’s race for state treasurer is spotlighting an unusual policy issue.

Pennsylvania holds more than $4.5 billion in unclaimed property — money from inactive bank accounts, uncashed checks, and unused gift cards that, by law, must be turned over to the state. But the original owners never lose their right to file a claim with the state Treasury to get it back.

Since taking office in 2021, GOP incumbent Stacy Garrity has overseen a major upgrade — initiated by her Democratic predecessor — that has resulted in faster claims processing via automation. Garrity says the state Treasury returned almost $274 million in the 2023 fiscal year, a record.

But Democratic state Rep. Ryan Bizzarro of Erie, who’s running to oust Garrity, thinks the figure is “deliberately misleading” because it doesn’t reflect the new unclaimed property received by the state each year. Bizzarro says that context makes the amount returned under Garrity less impressive.

Read Spotlight PA’s full report: State treasury candidates spar over the best way to return a fortune in unclaimed property.

Read more: Treasurer Garrity’s decision to invest more Pa. money in Israel Bonds draws protest, Democratic opposition.

NOTABLE / QUOTABLE

“There won’t be a third one.” 

—Court of Common Pleas Judge Idee Fox in a prior and ultimately fruitless warning to state Rep. Amen Brown (D., Philly), who just survived another ballot challenge — though not without a ding from his own lawyer
 
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A great horned owl sitting on a nest in Lancaster County, via Elliott C. Have a Pennsylvania photo you want to share? Send it to us by email, use #PAGems on Instagram, or tag us @spotlightpennsylvania.

a brown owl with orange hues sitting in its nest in a tree
☀️ THIS IS BIG
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We've been challenged to raise $25,000 in support of Spotlight PA's journalism by March 23, and if we do it, every single gift will be DOUBLED by The Benter Foundation in Pittsburgh. Spotlight PA's journalism holds power to account and gets results. And now we need you to make sure it can continue.

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DAILY RUNDOWN
Today's top news story in Pennsylvania.
TIKTOK FLIP-FLOP: Former President Trump has changed his tune on TikTok after meeting with Pennsylvania's richest man, who's also one of the app's biggest investors, Axios reports. Days before the reversal, Trump met with Main Line billionaire and political power player Jeff Yass, who's spending millions solidifying TikTok political support.
  • U.S. House to vote this week on TikTok crackdown, via Reuters.
Today's second top news story in Pennsylvania.MAGA DROPOUT: Brandi Tomasetti is out of the GOP race for U.S. Senate, blaming Dave McCormick's campaign and "outdated voter data" amid a challenge of her nominating petitions, per LNP (paywall). McCormick has one GOP opponent left, perennial candidate Joe Vodvarka, who's facing a petition challenge of his own.
Today's third top news story in Pennsylvania.FARM FUNDS: Democratic Gov. Josh Shapiro wants to funnel $10.3 million into a grant program that would make Pennsylvania’s agriculture industry more innovative, Spotlight PA reports. Industry stakeholders welcome the opportunity, while some lawmakers want to know what would qualify for the funds before offering support.
 
Today's fourth top news story in Pennsylvania.
FLUORIDE FEARS: State College stopped adding fluoride to its water last year, the latest in a wave of anti-fluoridation policy decisions experts link to misinformation and junk science. Stateline has a look at the big picture as more municipalities and states turn away from a public health measure that has lowered rates of tooth decay
 
Today's fifth top news story in Pennsylvania.POWER POINT: Climate activists want PECO — Pennsylvania's largest electric and natural gas company — to use more renewable energy in its power supply, per WHYY. The company says it's making changes, but its power purchasing plan — the same submitted to the state every four years — still has solar at the minimum level required.
 
🗞️ ARE YOU NEWSY? Prove it with the latest PA News Quiz: Gov’t land grabs, Trump ruling, derailed trains, and election games.
IN OTHER NEWS

LET THE SUNSHINE IN: It's Sunshine Week, and Spotlight PA is highlighting the importance of transparency and holding government institutions accountable. Check out the work made possible by your support.

HEARTBREAK HOTEL: Mercer County's Shenango Inn housed the likes of John F. Kennedy in its heyday. It's since fallen into disrepair, and The Sharon Herald reports an effort to save the historic building is falling apart too. The owner said his Israeli funding source is no longer in existence.

PAY FIX: Philly-based Rite Aid says it will return severance payments it withdrew from laid-off employees after related reports prompted talk of a state investigation, per WHTM. Rite Aid filed for bankruptcy last year.

WINE WAVE: It's been 341 years since William Penn planted his first vineyard in Pennsylvania. Centre County Gazette says the commonwealth now has 400 wineries producing more than 2 million gallons of wine a year.

SCHOOL ACCOUNTABILITY: Want to know how you can hold Pennsylvania school officials accountable? Join Spotlight PA’s Wyatt Massey and a panel of education journalists March 14 on Zoom for a talk on the subject.

Spotlight PA's exclusive 'All Sun, No Shade' beach towel
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SCRAMBLER
Unscramble and send your answer to scrambler@spotlightpa.org. We'll shout out winners here, and one each week will get some Spotlight PA swag. Answers submitted by 5:30 p.m. on issue date will be counted.
 
A O G L G L L Y

Friday's answer: Luminary

Congrats to our weekly winner: Helena D.

Congrats to our daily winners: Beth T., Jody A., Tracy S., John C., John P., Brian L., Bob C., Barbara F., Jon W., Susan R., Dave B., Stacy S., Susan N., Lynne E., Craig E., Mike B., Daniel M., Jon G., Alan B., Don H., Mack M., Elaine C., Rick W., Beth H., Judith H., Jane R., Malachy M., David T., Janet S., Nancy S., Daniel S., William Z., Richard A., Keith F., Al G., Vicki U., Alexander G., Wendy A., Ada M., Tom M., Dan A., and Stanley J.
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