HARRISBURG, Pa. (WHTM) – At least 17 Pennsylvania school districts and two intermediate units have been forced to borrow more than $346 million to meet expenses during the state budget impasse, Auditor General Eugene DePasquale said Tuesday.
DePasquale said interest and fees on those loans could reach $11.2 million.
At a news conference in the Capitol Rotunda, DePasquale said at least 28 additional districts and two more intermediate units will be forced to borrow an estimated total of $122 million in October.
He said some districts are struggling to get loans.
The Steelton-Highspire School District reported that it has enough cash to last until the end of September, then it will need to borrow about $8 million. So far, multiple loan requests have been rejected by banks, DePasquale said.