State Extends Deadline For Scranton Recovery Plan After PEL Raises Concerns

Hours after receiving a “rejection” of its revised recovery plan by a state-appointed recovery coordinator, Scranton City Council on Thursday forged ahead with introducing the plan anyway.

The council voted 3-1 to introduce an ordinance to implement the revised plan that was agreed upon last Friday by Mayor Chris Doherty, council President Janet Evans and council finance chairman Frank Joyce.

The plan then was sent for review to the city’s Act 47 recovery coordinator, Pennsylvania Economy League, which also would have to OK the plan before it would take effect.

On Thursday, shortly before the council’s meeting, PEL issued a letter to the city detailing numerous concerns about the recovery plan, chiefly that much of its revenue sources that are alternatives to real estate taxes – such as a commuter tax and sales taxes and significantly increased voluntary donations from nonprofits – are not guaranteed to occur. PEL wants to the city to identify backup revenues sources should speculative revenue sources never materialize.

Read more: http://thetimes-tribune.com/news/state-extends-deadline-for-scranton-recovery-plan-after-pel-raises-concerns-1.1353735

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