Harrisburg Authority Defaults On Incinerator Bond Payment!

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This is very bad news!  The City of Harrisburg and the Harrisburg Authority have defaulted on a $35 million dollar bond payment for the incinerator.  Dauphin County is now on the hook for $35 million dollars by December 1st.

The payment was to come from two accounts.  One account had .49 cents in it and the second account contained .84 cents.  I have more change in my pocket!

I reported earlier that the city controller had come up with a plan for debt repayment on the incinerator, however, I would think this is NOT part of the plan to repay the debt.  Unless defaulting on the loan is the only way to transfer the responsibility to the county, which was part of the plan, I believe.

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