Laura Vecsey wrote in Pennlive 16 June 2011, Harrisburg City Council looks to introduce resolution that would allow bankruptcy paperwork to be prepared:
Harrisburg City Council member Brad Koplinski is seeking to introduce a resolution that will allow the council to prepare paper work that might become necessary should a majority of the council decide to file for Chapter 9 bankruptcy.It seems Harrisburg applied for Act 47, which is apparently a state bankruptcy protection plan last October, but now:
Koplinski said the urgency of being prepared escalated Thursday when state Sen. Jeffrey Piccola introduced legislation that called for a state takeover of Harrisburg should the distressed city fail to adopt the Act 47 plan it was presented Monday.
“I thought it was a knee-jerk reaction to file for Act 47 after (City Council) moved to hire attorneys to counsel us on Chapter 9, but I respect the mayor’s decision to apply. But she applied under certain rules, and now there’s a complete change being considered that takes away the ability of the mayor and the city to be able to act as a sovereign municipality,” he said.Take out too much debt on a project with no business plan and lose control over your municipality. It could never happen here, right? We would never buy into a scheme that’s already losing customers facilities are closing in other states, would we?