Editor's note: Added quote from J.J. Abbott, Tom Wolf's spokesman, at 7:40 p.m.

Pennsylvania's state treasurer Thursday authorized a short-term $750 million line of credit to keep the state's general fund from dipping into negative territory.

Treasurer Joe Torsella says the state hasn't had to borrow that much so early in the fiscal year in 25 years.

"The necessity to step in and financially prop up the General Fund just six weeks into the fiscal year is extraordinary and without precedent," said Torsella in a statement. "Cash flow borrowing this early and of this magnitude has not happened in the last 25 years. As a state, we once again find ourselves in uncharted waters, not only having to borrow so early in the fiscal year, but doing so with an underlying General Fund Budget that is not yet balanced." A copy of Torsella's full statement is available here.

Torsella, a Democrat who took office in January, is urging legislators to "pass a responsible revenue package."

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He continued: "This is deeply troubling. While our lending is expected to be for a short two-week period, I am extremely concerned that without action from the General Assembly this month, we will face an even more difficult problem within weeks. Our projections continue to show that - without corrective action - the General Fund balance will become negative in early September and will remain so for two-thirds of the fiscal year, with the projected borrowing need potentially as much as $3 billion."

Auditor General Eugene DePasquale also issued a statement, noting that "the state is running out of money in the second month of the fiscal year should be a wake-up call to every elected official in Pennsylvania."

DePasquale added: "The House must do the responsible thing and come back next week to address this budget situation. And once they are back, the House and Senate leadership and the governor should immediately lock themselves in a room and work until they figure out a way to provide Pennsylvanians with a balanced budget."

READ MORE: Progress is slow in finalizing a revenue plan to fund Pa.'s 2017-18 state budget

The Senate passed a revenue package to patch a $2.2 billion hole in the state's $32 spending plan for the fiscal year that began July 1. The revenue plan involves a mix of a mix of borrowing and higher taxes.

It could face opposition in the House of Representatives before it reaches the desk of Democratic Gov. Tom Wolf, who supported it.

J.J. Abbott, the spokesperson for Gov. Tom Wolf, said later Thursday evening, "This is just another example of why House leadership must act quickly to complete the budget process, especially after the spending bill passed with large bipartisan support in both chambers."

The two-week line of credit is from Aug. 14 to Aug. 28.