From PATRIOT-NEWS:
On Dec. 1, the Harrisburg Authority faces a $34.7 million loan payment on its incinerator. The city of Harrisburg has guaranteed 100 percent of that debt.
The entire city budget is $65 million without any debt payments, and the city is millions short of meeting even that. If there is no financial plan to rescue Harrisburg in place soon, the Dec. 1 debt payment will have dire consequences…
In April, the incinerator’s bond insurer was willing to grant a 90-day reprieve from debt payments to work out a plan. Ninety days have come and gone…
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