Wolf backs interest reimbursements for schools, nonprofits

By The Associated Press | Posted - Aug. 19, 2015 at 3:50 p.m.



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HARRISBURG, Pa. (AP) — Pennsylvania's state budget stalemate could have a cost to taxpayers.

Gov. Tom Wolf said Wednesday that he supports adding money to any final budget agreement to reimburse school districts and certain nonprofit organizations for the interest payments on loans they're taking out to weather the interruption to state aid.

Wolf says a similar reimbursement was extended to school districts after a 2003 budget standoff on education funding that lasted into December.

He also says the state government already reimburses certain small businesses for interest when it doesn't pay an invoice for 45 days.

Wolf says a qualifying nonprofit organization must be independently owned and operated and employ 100 or fewer people. The stalemate began June 30 and is in its seventh week, with no immediate end in sight.

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The Associated Press

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