Just last week, the state’s capital city, Harrisburg (population 47k), was declared financially distressed under Act 47. Harrisburg becomes the 20th city since the statute
A Tribune Review article of November 8 reminds once again just how desperate the unfunded pension plan situation is for many Pennsylvania communities, including the
Could a $288 million debt, most of which is related to a publicly owned trash incinerator, turn Harrisburg’s finances to ashes?
A press release from the state’s Department of Community and Economic Development (DCED) yesterday ended the suspense about the status of Pennsylvania’s capital city
Whether comparatively easier or very difficult as is now the case, entering Chapter 9 bankruptcy is a huge step with possible unforeseen negative consequences.
