PA state treasurer calls short-term line of credit ‘extraordinary and without precedent’
August 4, 2017
Pennsylvania’s state treasurer Thursday authorized a short-term $750 million line of credit to keep the state’s general fund from dipping into negative territory. Treasurer Joe Torsella says the state hasn’t had to borrow that much so early in the fiscal year in 25 years.
PennLive.com, Aug. 3, 2017
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