Arts, sciences and humanities build healthier, more livable, vital communities. They are essential to a strong education system. They contribute enormously to our economy.
On April 13, State Treasurer Tim Cahill, who is also an independent candidate for governor, announced that Massachusetts will withdraw more than $231 million of state funds from a Bank of America account because the lender refuses to cap credit-card interest rates at 18 percent.
Treasurer Cahill’s decision followed a meeting the Greater Boston Interfaith Organization held with Bank of America asking the lender to comply with the state’s usury law, which caps rates at 18 percent.