Harrisburg or Bust

Remember this is all about the capital of the Commonwealth of Pennsylvania.

The latest on the financial soap opera otherwise known as Harrisburg.

The real endgame playing out as Moody’s withdraws its rating on certain Harrisburg water bonds.

Yet money or not, money has to be spent on Harrisburg’s water infrastructure.

Harrisburg may get what it asked . . . → Read More: Harrisburg or Bust

Muniland News Tsunami

The muniland news filters are being hit by a tsunami this afternoon:

Patriot/News: Harrisburg debt insurer rejects City Council proposal with city days away from state takeover

Bloomberg/WashPo: Jefferson County, Ala., wins initial bankruptcy hearing approval from court

Reuters: The Sharks Circling Harrisburg

Trib: Allegheny sewer project at estimated $6 billion

Bond Buyer: Jefferson . . . → Read More: Muniland News Tsunami

With or without the 'h'

or if I had seen this, I would have just used it today…..

Just out from Stateline.org: Pittsburgh and Harrisburg: A tale of two deep-in-debt cities

I still have not had a chance to update much of it with the 2011 data, but on that we will gratuitously relink my iPension page with all . . . → Read More: With or without the ‘h’

To bankrupt or not to bankrupt

The news is that Harrisburg has filed for bankruptcy.  While technically true that they have filed for bankruptcy, this may be shot down before it all begins.  The funniest part of this at the moment is that all the judges for this are in Tampa for a conference.  So hold your breath.

Remember, bankruptcy . . . → Read More: To bankrupt or not to bankrupt

The Harrisburg Miasma = Pennsylvania's Miasma

The thing that gets me about the fiscal mess in Harrisburg these days.  The city is so broke it is seeking bankruptcy. Even if that does not go forward, why are they in this situation?  Is the city itself that mismanaged?  Even if you want to think so, the actual fiscal miasma they are . . . → Read More: The Harrisburg Miasma = Pennsylvania’s Miasma

Good Luck With That: Harrisburg Enters Act 47

Lots of news all around on this.  Try either Bond Buyer:   Harrisburg Enters Pennsylvania’s Act 47 Program

or Bloomberg: Harrisburg, Pennsylvania, Declared ‘Distressed’

Kind of a metaphysical question what defines ‘distress’ for a municipality.  In the census data dump yesterday Braddock, PA is showing a 35% housing vacancy rate. That would be distress and a . . . → Read More: Good Luck With That: Harrisburg Enters Act 47