Under current law, the Pennsylvania Treasurer may provide investment loans during a budget impasse but must charge interest on those loans.
Senate Republicans move to alleviate financial pressures during budget impasse
Treasurer Garrity announced up to $500 million in available loans offered at a 4.5% interest rate to help qualifying entities cover necessary expenses.
Garrity announces bid for PA governor
Garrity pledged to restore “integrity, fiscal discipline, and opportunity” to the commonwealth, while casting Shapiro as a failed leader.
