This City of Harrisburg has found itself $288 MILLION dollars in debt due to a failed attempt to retrofit the city’s incinerator. The Harrisburg Authority will owe $68 million dollars by the end of the year! The City is teetering on the brink of bankruptcy.
Governor Ed Rendell addressed City Council last night and said they should avoid bankruptcy, going under Act 47 (no $%&*), pick a plan and move forward as Harrisburg is running out of time. He stressed they should all work together as the state and federal government will be hard pressed to bail Harrisburg out of its financial quagmire.
Read the entire article here: http://www.centralpennbusiness.com/component/content/article/35-breaking-news/82014-harrisburg-mayor-no-timeline-for-debt-plan
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