CHAMBERSBURG, Pa. -- Because they fear the state might not pass its 2009-10 budget for several more weeks, the Franklin County (Pa.) Commissioners on Thursday asked staff members to start the paperwork needed to borrow $10 million to $15 million.
"Maybe we'll never need it, and I hope not," Commissioners Chairman Bob Thomas said.
The loan would be in the form of a "tax and revenue anticipation note" designed to buy time until Pennsylvania leaders adopt a budget, which was due to be passed by June 30.
The county's fiscal director said the loan would be tax-free and come with little interest or fees.
"We cannot carry it over to our new fiscal year. It has to be paid off by Dec. 31," Fiscal Director Teresa Beckner said.
The commissioners agreed to consider borrowing as part of a bigger plan to continue paying for human services that haven't received state payments due to the budget impasse. Some checks arrived this week, bringing the total amount owed to approximately $5.9 million.