Article Image

IPFS News Link • Government

Cities in Debt Turn to States, Adding Strain

• NY Times
Harrisburg, the capital of Pennsylvania, dodged financial disaster last month by getting money from the state to make a payment to its bondholders.

It did so even though the state warned that the money had to be used for city workers’ pensions.

Now Harrisburg is calling on the state again. On Friday, the city said it could not meet its next payroll without money from the state’s distressed cities program. 

thelibertyadvisor.com/declare