Pennsylvania treasurer offers loan to fund highway projects

WILK NEWSROOM
December 01, 2020 - 7:39 pm
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HARRISBURG, Pa. (AP) — Pennsylvania's state treasurer says his agency has come up with plans to prevent shutdowns of highway construction and safety work amid tax collections lagging because of economic fallout from the pandemic. In a statement Tuesday, Treasurer Joe Torsella said he was prepared to authorize financial support to the Motor License Fund to keep contractors paid and on the job through the fiscal year ending June 30. Torsella said he could loan treasury funds to the Motor License Fund, as well as advance a portion of a loan that lawmakers may decide to authorize against future tax collections that go into the fund, such as motorist fees and gas taxes.

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