Tags: Harrisburg | Pennsylvania | Aid | Program

Harrisburg Seeks to Join Pennsylvania Aid Program

Friday, 01 Oct 2010 02:50 PM

Harrisburg Mayor Linda Thompson will seek enrollment in Pennsylvania’s recovery and oversight program for distressed municipalities, the City Council president said.

Thompson, who took office in January, will ask Pennsylvania officials to enter the state’s Act 47 program at a noon press conference with Governor Edward Rendell, said Gloria Martin-Roberts, president of the seven-member city council.

Pennsylvania’s capital city, which has been weighing bankruptcy after missing debt payments for an incinerator, will seek the state monitoring in the face of $43 million in debt-service payments coming due this year. Under Act 47 protection, Pennsylvania officials would help the city devise a recovery plan and give it priority in seeking state aid and loans.

“We’ve just had this stalemate for too long,” Martin-Roberts said in a telephone interview from her home in Harrisburg today. “We need to move the city forward.”

The news conference comes two days after council members voted to hire lawyers and other professionals for advice on entering bankruptcy protection.

Harrisburg, with 47,000 residents, has missed about $8 million in debt-service payments this year on more than $200 million of bonds issued in connection with a trash-to-energy incinerator. The seat of the sixth most-populous U.S. state’s government faces lawsuits over the debts from its home county of Dauphin and Assured Guaranty Municipal Corp., a bond insurer.

Chuck Ardo, a spokesman for Thompson, said Rendell will join the mayor at the press conference at Harrisburg City Hall. He declined to say the reason for the event. Gary Tuma, a spokesman for Rendell, said the governor supports Thompson’s Act 47 application.

Thompson’s plan was reported earlier today by the Harrisburg Patriot-News.

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Harrisburg Mayor Linda Thompson will seek enrollment in Pennsylvania s recovery and oversight program for distressed municipalities, the City Council president said. Thompson, who took office in January, will ask Pennsylvania officials to enter the state s Act 47 program...
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2010-50-01
Friday, 01 Oct 2010 02:50 PM
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