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Timothy Reese confirmed as new Pa. Treasurer

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House and senate pass a budget plan that Gov. Corbett will not sign

The Pennsylvania Senate confirmed Timothy Reese as the state’s new treasurer Friday by a vote of 48-1.

Gov. Tom Wolf (D) nominated Reese a couple months after former Treasurer Rob McCord resigned and pleaded guilty in a federal extortion case.

McCord admitted to trying to use his position as treasurer to get campaign donations in his failed bid for governor last year.

Reese, 51, is from Montgomery County. He’s a businessman and investor. He launched the National Minority Angel Network in 2012, which focuses on investing in women, minority and veteran-owned companies.

A new treasurer will be elected in 2016.