City officials say they are now free and clear of the mountain of costs from the Mayor Stephen R. Reed era that nearly bankrupted the government.
Together, those enhanced taxes make up about 20 percent of the city’s general fund revenues.
But as a result, Chief Deputy Controller Bill Leinberger said Thursday, the so-called AMBAC debt grew from about $13 million after the infusion of cash from the parking garage deal in December 2013, to more than $26.6 million in September 2021.— agreed-to by Papenfuse and a Williams-led city councli in the midst of their mayoral race — that shaved about $3.3 million off of that cost.
The city’s reserves now stand at about $16.7 million, a good level for a city with a $70 million operating budget, said Accounting Manager Bryan McCutcheon. That’s money, Williams noted Thursday, the city will be able to use in the future to help pull down condemned buildings to pave the way for revitalization projects and to make needed replacements to the city’s fleet of trash and recycling vehicles.Harrisburg residents aren’t likely to see a cut in the city’s 2 percent wage tax anytime soon. The parking garages and street meters will be in private hands for decades.
Some of that money has already been used to replace the heating and air conditioning systems on the city’s public safety building, and to pay one-time $5,000 bonuses to Harrisburg’s police officers and firefighters.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
City of Harrisburg makes final AMBAC payment, ends 25 years of debtThe City of Harrisburg cleared an $8.3 million wire transfer this week to end a series of debts over 25-years-old.Officials say the transfer marks the final pay
Consulte Mais informação »
Stephen Sondheim's last musical finds a New York City stageNEW YORK (AP) — The late Stephen Sondheim's last stage musical — an adaptation of two films by Spanish surrealist director Luis Buñuel — will be given an off-Broadway stage this year, offering theatergoers a chance to see a new work by musical theater’s most venerated composer.
Consulte Mais informação »
Former Philly Mayor Michael Nutter endorses Rebecca Rhynhart, becoming second ex-mayor to back herDaily News | Former Philly Mayor Michael Nutter endorses Rebecca Rhynhart, becoming second ex-mayor to back her
Consulte Mais informação »
With new mayor on horizon, aldermen seek more power on City CouncilCritics called the move self-serving and not about good governance.
Consulte Mais informação »
Mayor Karen Bass says the city will house 4,000 homeless people during her first 100 daysL.A.'s mayor said she expects about one-fourth of those people will come from her Inside Safe program, which has gone to 13 locations so far.
Consulte Mais informação »
Former L.A. deputy mayor seeks mistrial in City Hall corruption caseEx-L.A. Deputy Mayor Raymond Chan urges a judge to declare a mistrial in his bribery and racketeering case, citing his attorney's unexpected hospitalization.
Consulte Mais informação »