Amy Richards News
-
Harrisburg’s receiver requested state and federal probes of “possible illegal activities” in financing a waste-to-energy incinerator overhaul that pushed Pennsylvania’s capital into insolvency.
-
Dauphin County, home to Pennsylvania ’s capital of Harrisburg , may have to pay $34.7 million by Dec. 1 on notes issued in 2007 to cover costs tied to a municipal incinerator, if it can’t refinance the debt.
-
The Harrisburg Authority, which runs an incinerator whose $282 million in debt has driven Pennsylvania’s capital to consider bankruptcy, will miss $2.2 million in bond payments, its executive director said.
-
Harrisburg officials and advisers knew there was “substantial risk” that a city incinerator wouldn’t repay its debt and proceeded with bond deals anyway, according to an audit of the financings that drove the Pennsylvania capital into insolvency.
-
Harrisburg’s leaders agreed to sell municipal assets as part of a plan to keep Pennsylvania’s bankrupt capital from becoming the state’s first city put under a receiver.
-
Pennsylvania’s capital, Harrisburg , told trustees it won’t make a $3.6 million payment promised for an incinerator project’s debt due June 1, said Finance Director Robert Kroboth.
-
Harrisburg Mayor Linda Thompson requested enrollment in Pennsylvania’s recovery and oversight program for distressed municipalities, saying the capital city stands “on the precipice of a full-blown financial crisis.”
-
Pennsylvania delayed a determination of whether Harrisburg, its capital, is distressed and eligible for special state aid and oversight, putting off the decision until next month, according to testimony at a related hearing.
-
The Harrisburg Authority , operator of a trash incinerator whose debt has led the Pennsylvania capital to weigh bankruptcy, voted to cancel an interest-rate swap with JPMorgan Chase & Co . and resell $31.5 million in debt.
-
The Harrisburg Authority , operator of a trash-to-energy incinerator in the capital of Pennsylvania , will miss $3.6 million in debt payments due June 1.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page