Harrisburg defaulted on incinerator bonds

Last year Harrisburg, PA defaulted on bonds it issued to build an incinerator, according to Aaron Smith in CNNMoney, Harrisburg, Pa., defaulting on its bonds:

The capital city Pennsylvania is broke and will be skipping this month's multi-million dollar bond payment.

On Sept. 15, Harrisburg, Pa., was scheduled to make a $3.29 million payment on the bonds it issued to build a trash plant. But, the cash-strapped city doesn't have the dough.

"The city's budget is in deficit," said Chuck Ardo, spokesman for Harrisburg Mayor Linda Thompson. "We're looking for ways to trim the budget just to keep services going."

"Now the chickens have come home to roost," the mayor said in a statement released Wednesday.

You remember, "Officials here decided seven years ago to borrow $125 million to rebuild and expand the city’s enormous trash incinerator...."

Well, that could never happen here, could it?

-jsq