HARRISBURG PATRIOT-NEWS Op-Ed: …The optimistic financial projections on which the plan is founded would not meet the standard set by most financial professionals.
The loss of so much future self determination should be a concern for every citizen.
One of the first questions that needs to be answered is whether the plan represents shared pain and shared sacrifice.
In my view, with the sale and transfer of municipally owned assets, the burden is placed disproportionately on the residents and taxpayers of the city. While it’s true that the city’s major creditors have agreed to accept an immediate partial payment of approximately $210 million of the nearly $300 million debt, the plan calls for additional distribution of future funds that will make the creditors whole… (more)
