Revised Financial Recovery Plan for City of Harrisburg Released by Act 47

HARRISBURG – The Act 47 coordinator for the City of Harrisburg – appointed by the Rendell administration on Jan. 12 of this year – has submitted the revised financial recovery plan to the city, the Department of Community and Economic Development announced.

Adjustments were made to the plan based on feedback the coordinator received from local officials, stakeholders and comments from a June 28 public hearing.

Section 244 of Act 47 allows for revisions by the coordinators to be completed and delivered within 10 days from the date of the public meeting on the original plan.

Harrisburg’s revised financial recovery plan can be found online at www.newpa.com by searching keyword “Act 47.”

In accordance with the act, city council has 25 days from the June 28 public hearing to act on the revised plan. Because the deadline in this case falls on a Saturday, the revised plan must be acted upon by Monday, July 25.

Key adjustments/developments in regard to Harrisburg’s debt include:

Guaranty Municipal and Dauphin County describing their commitment to the debt solution described in the plan;

Key adjustments to address Harrisburg’s structural deficit include:

For more information on Act 47, or to download a copy of the revised financial recovery plan, visit www.newpa.com or call 1-866-466-3972.

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