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Tag fiscal emergency

Chapter 9 Municipal Bankruptcy in Pennsylvania

Westfall Township, Pennsylvania filed a Chapter 9 bankruptcy petition in April, 2009 and the court confirmed a reorganization plan in March, 2010.  According to the law firm that handled the case: Westfall Township, located in Pike County, PA, was saddled… Continue Reading →

Ohio Fiscal Emergencies

I am adding a link to this article that updates Toledo’s fiscal situation.  (See prior post.)  The city is wrestling with a budget gap and trying to negotiate with unions over compensation.  Ohio is a state that has a fiscal emergency… Continue Reading →

Harrisburg

Here’s a good, local clip about the Harrisburg bond/incinerator problem:

Harrisburg PA budget does not include debt service

See attached item from Reuters: http://www.reuters.com/article/idUSTRE61D27C20100214 Click on article title to get the link (sorry for the clunkiness)  Hat tip to Mayraj Fahim.

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