Pennsylvania's House of Representatives has sent to the governor a bill that would allow up to $4.5-billion in borrowing to pay off an unemployment compensation debt that businesses owe to the federal government.
The bill, which Governor Tom Corbett is expected to sign, was approved Wednesday, 129-67.
It authorizes one of the largest single-debt issuances in Pennsylvania history, but proponents said the interest on the bonds will save as much as $200-million compared to the federal loan's cost. Some Democrats criticized a provision designed to save $276-million a year by barring jobless benefits for nearly 50,000 people who earn more than half of their annual income within a few months.
Minority Leader Frank Dermody said it's wrong to solve the problem on the backs of those workers.
Monday May 27th
Memorial Day Specials
Remember to Fly the Flag!
Tuesday May 28th
79th District State Rep. John McGinnis
on The State Budget
Wednesday May 29th
Business Spotlight
The Roaring Spring...
Oak Dining Room Table,
in great condition, includes six high back
dining room chairs with blue cushions,
- asking $350 or best offer
Josephine, Altoona 946-3481
Andersen Windows,
used but very good condition,
62" H x 72" W, 6 units, 2...
I would've just posted this on Facebook, but Facebook doesn't allow you to post GIFs (like this little animation).
Maybe the $1.1 BILLION price tag isn't so crazy?