US EditionPennsylvania Schools Face Financial Strain Amid Budget Impasse
The $500 million loan program offers counties and Head Start providers funds with a 4.5% interest rate to cover operating costs during the ongoing budget stalemate, aiding 35,000 children.
- On Wednesday, Pennsylvania Treasurer Stacy Garrity announced a $500 million short-term loan program to aid Head Start providers and county governments.
- Since July 1, Pennsylvania state payments have been on hold, forcing counties and school systems to plead for months and turn to private loans and county reserves.
- Funding will come from the Treasury's $21 billion Liquid Asset Pool, with disbursement within two business days and loans due at 4.5% interest, repayable within 15 days of a fiscal 2026 budget enactment.
- Counties can access loans for early education programs and county social services, while officials warn hiring freezes and local tax hikes may follow the budget impasse.
- Amid competing blame, Stacy Garrity, Republican and state treasurer, said she acted as treasurer not candidate, while Governor Josh Shapiro's spokesperson urged Senate Republicans to return to work as Senate GOP leaders defended Garrity.
16 Articles
16 Articles
Tioga Publishing
Treasury offers low-interest loans to groups squeezed by budget impasse
(The Center Square) - Pennsylvania is about to enter its second quarter of the fiscal year. With no budget in sight, many public programs and agencies across the state are running out of resources to keep themselves afloat.
Bureau of Forestry opens reimbursement, support program for Pa. woodland owners
Harrisburg, Pa. — Pa. forest landowners can apply for reimbursements of up to $25,000 through a new program designed to strengthen private woodlands against pests, diseases, and climate problems.
Meadville Tribune
Garrity announces $500M loans for counties amid Pa. budget stalemate
HARRISBURG — As Pennsylvania’s budget stalemate lingers through the third month without a new spending plan, Treasurer Stacy Garrity announced Wednesday that the Treasury would begin a $500 million short-term loan program to aid Head Start providers and county governments…
Pa. Treasury to start $500M loan pool for counties, Head Start as budget impasse continues
The Pennsylvania Treasury plans to loan a half-billion to counties and preschool providers who haven’t yet gotten their normal funding from the state because of the nearly-three-month-long budget impasse.
Josh Shapiro’s GOP opponent Stacy Garrity steps in to offer counties $500 million in loans as Pa. budget remains at an impasse
Garrity will allow the state Treasury to offer $500 million in loans to county human service departments and early education programs at a 4.5% interest rate. She insists it wasn't political.
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