Editor’s Note: This article has been corrected to note the program is $500 million and not $1 billion. We apologize for the error.
Pennsylvania Treasurer Stacy Garrity has begun a $500 million temporary loan program to help organizations providing critical services as the state operates without an approved 2025-2026 budget.
Garrity, a Republican who is running for governor, announced late last week that the Pennsylvania Treasury Department’s Budget Bridge Loan program will now accept applications from Pre-K Counts programs, and organizations offering rape prevention and response services, as well as domestic violence prevention and support services for survivors.
“The response to Treasury’s short-term funding solution has been positive, and I’m pleased to be able to expand this program to include organizations that provide critical services to more children and also to survivors of rape and assault,” Garrity said. “I’m using the tools available as state treasurer to make sure critical services can continue without interruption. These loans are a lifeline.”
Last week, Garrity announced the availability of $500 million in Budget Bridge Loans for Head Start providers and county governments to support vital human services.
The Treasury is making outreach directly to Head Start programs and county governments, officials said, adding funds for these entities will be received within two business days of approval.
For all eligible organizations, funds will be received shortly after the application is approved.
Eligible organizations must use the Budget Bridge Loan for immediate operating expenses, which will be indicated by the loan agreement.
Organizations that enter into a loan agreement will be required to pay back the initial Treasury investment plus a 4.5 percent annual interest rate within 15 days of state funds being released following the enactment of a state budget.
County governments and school districts have been asking lawmakers in Harrisburg to act quickly on the budget as finances get tight.
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