HARRISBURG – PA Senate Republican leaders plan to introduce legislation forgiving the interest on loans following the announcement by State Treasurer Stacy Garrity to help Head Start providers and counties during the state budget impasse. Last week, Treasurer Garrity announced up to $500 million in available loans offered at a 4.5% interest rate to help qualifying entities cover necessary expenses in the absence of a state budget. The leaders say Senate Republicans continue to negotiate in good faith to bring the Governor and Democrats to a responsible bottom line to complete this year’s spending plan. The governor and House Democrat leaders continue to advocate for plans that spend beyond taxpayers’ means, setting PA on a course of fiscal uncertainty and tax increases.
