Pennsylvania Capital Harrisburg Has Bankruptcy Option
February 04, 2010, 12:21 PM EST

By Dunstan McNichol

Feb. 4 (Bloomberg) -- Harrisburg, the capital of Pennsylvania, will consider Chapter 9
bankruptcy protection along with tax increases and asset sales as options to address
$68 million in debt service payments due this year, the chairwoman of a City Council
committee said last night.

Every option, including tax and fee increases, bankruptcy and a state takeover through
Pennsylvania’s Act 47 municipal oversight program will be considered, said Susan
Brown-Wilson, chairwoman of the Budget and Finance Committee, which began a
week of hearings last night to consider a 2010 spending plan.

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