Harrisburg Authority to Harrisburg City Council: The critical point has passed.

Click to View

Harrisburg Authority_____Michele T.V. Torres Executive Director of the Harrisburg Authority outlines debt payments made in 2009, the Authority has dipped into it's reserve fund to the tune of over $5 million and relied on the City $3 million and County $775K to over it's debt obligations, Torres goes onto explain why the Authority will default on the Dec 1st payment of $10.9 million. We ask the question, will the pending bankruptcy of the City of Harrisburg drag Dauphin County into bankruptcy as well?

 
Tags: City Council, Default, Harrisburg Authority, Incinerator, RRF