State and Local Issues

Capitol Update November, 2017

By: Administrator, November 2nd, 2017
Pennsylvania’s State Treasurer authorized another line of credit to the Pennsylvania General Fund. Treasurer Joe Torsella enabled a $1.8 billion line of credit from the Treasury's Short Term Investment Pool (STIP) to help the Commonwealth's spending while the recently agreed to revenue comes into the General Fund. Last month, Torsella indicated he would not continue to loan…
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