Hey, shakman, how have you been?!? Yeah, Harrisburg is pretty tiny and probably only going to get smaller, unfortunately.
Well, everyone, it's official!
Wednesday, December 15, 2010
State designates Harrisburg as "financially distressed"
It's official. Harrisburg today became the state's 20th financially-distressed city.
The state Department of Community and Economic Development announced that the city of Harrisburg qualifies as financially distressed under the provisions of Pennsylvania's Municipalities Financial Recovery Act - also known as Act 47.
Pennsylvania's capital city has been struggling under mounting debt driven in large part by its troubled trash incinerator. The city hoped the incinerator would be a money maker. Instead the large amount borrowed to refurbish it has put the city nearly $300 million in the hole.
Read more:
http://www.philly.com/inquirer/break...#ixzz18E2NSobb
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