Location of Pottstown in Montgomery County (Photo credit: Wikipedia)
Editor’s note: Three cheers for the Masons!
POTTSTOWN — There was no shortage of generous donations toward paying police overtime costs for the Halloween Parade Friday, and it included another generous $1,000 contribution, this time from the local Masons lodge.
Matching their friends over at The German Club, who also gave $1,000, the members of Stichter Lodge No. 254 F.A.&M., also ponied up $1,000.
Map of Berks County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)
Two men had carted four large rolls of wire to a vehicle at the Port Clinton Fire Tower in eastern Berks County on Thursday when state police arrived and arrested them, police said.
Edward M. Matalavage, 36, of New Ringgold and Rayan M. Navitsky, 34, of Tamaqua were charged with burglary for allegedly breaking into a building and stealing the government-owned wire.
Read more: http://www.mcall.com/news/breaking/mc-p-berks-fire-tower-wire-burglary-20121013,0,480612.story
English: City of Allentown from east side (Photo credit: Wikipedia)
Allentown‘s bond rating has been downgraded from A2 to A3 with a negative outlook, Moody’s Investors Service announced this week.
According to Moody’s, the new rating reflects the city’s approximately $120.3 million debt as well as “four consecutive operating deficits which have largely been driven by aggressive budgeting of city revenues and reserve appropriations to balance the budget.”
Investors use credit ratings such as Moody’s to determine the risk of a municipality’s defaulting on debt payments. A lower rating can force municipalities to pay higher interest rates to compensate for the risk, increasing the cost of borrowing.
Allentown’s weak socioeconomic profile — a sizable and mature urban tax base with below-average “socioeconomic indices” — and limited financial flexibility are challenges to the city, according to Moody’s.
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