Debt-laden Harrisburg, Penn. gets state aid early

Reuters News
|
Posted: Sep 14, 2011 3:13 PM
Debt-laden Harrisburg, Penn. gets state aid early

NEW YORK (Reuters) - The deeply indebted Pennsylvania capital of Harrisburg has received an advance state aid payment of $2.6 million, Harrisburg Mayor Linda Thompson said on Wednesday.

The payment, coupled with an advance lease payment of about $7.4 million from the Harrisburg Parking Authority, is expected to help prevent the city from defaulting on a debt payment due on Thursday as well as running out of money to pay city workers.

"Mayor Thompson announced the city will process the bond debt-service payment today as planned," the mayor's spokesman Robert Philbin said.