5 Capital lacks capital.

PositionSTATELINE - Harrisburg, Pennsylvania - Brief article

The city council of Harrisburg, Penn., the state capital, voted in mid-October to file for Chapter 9 municipal bankruptcy protection. The petition cited "overwhelming debt," as the reason and that the city was in "imminent jeopardy" from creditor claims. State lawmakers passed legislation shortly thereafter allowing the governor to declare a financial emergency and requiring the city's leaders to obey a financial plan drawn up by his appointee. The plan, released in early November, includes freezing spending on...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT