PA TREASURER OFFERING LOW-INTEREST LOANS TO COUNTIES AND EARLY EDUCATION PROGRAMS

Pennsylvania’s treasurer is offering counties and early education programs $500 million in low-interest loans to hold them over until the state budget impasse comes to an end.  Reports say that the interest rate for the programs is 4.5%.  The move will allow counties to access much-needed money for early education programs along with county social services.  As of right now, there is no word on when the budget impasse will end.