A bad situation is getting worse by the minute. Harrisburg has 557 employees and the payroll is $1.2 million. Payroll is due next week and the city has $492,000.00 in the bank.
Fast Eddie and Linda Thompson are scrambling to find lenders to cover the payroll gap but lenders are skittish about investing in Harrisburg. Not just because of the incinerator debt but also because of the fighting between the mayor and council. There is no clear plan in place to get Harrisburg out of the mess they find themselves in. There is a lot of rhetoric and finger-pointing but no good solutions seem to be forthcoming.
Somebody needs to take control of this rapidly deteriorating situation!
Harrisburg, like most municipalities, has a spending addiction. Of the 47,000 residents, 25% live below the poverty line. That means that the rest of the city supports these folks in some way. It is a cash drain. Top it all off with the incinerator mess and you have the classic financial failure that all municipalities with spending addictions are or will endure. Stop spending!