Harrisburg pays off $125 million debt after 25 years - ABC27

Sep 9, 2022 · According to a release, Harrisburg signed off on the final scheduled series of debt payment requirements dating back to December of 1997. On Friday, Sept. 9, an $8.4 million …

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Harrisburg Pays Off $125 Million Debt After 25 Years - ABC27

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Sep 9, 2022 · According to a release, Harrisburg signed off on the final scheduled series of debt payment requirements dating back to December of 1997. On Friday, Sept. 9, an $8.4 million …

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City Of Harrisburg Makes Final Payment Of Decades-long $125.6

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Mar 16, 2023 · The $8,335,968.49 million wire transfer marked the final payment from the City of Harrisburg to Ambac, freeing the city of what officials call Reed-era spending debt.

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Harrisburg City Council Ponders Options For Paying Off The City's ...

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Nov 16, 2022 · By 2029, when the debt would be paid off if the city continued its regular payment schedule, Harrisburg would owe another $4 million in interest, he explained. Currently, the …

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Harrisburg Paid Off Big Debt Early; What’s Next For The City?

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May 26, 2023 · The city’s decision to pay off its debt to AMBAC in 2023 saved it from twice-a-year debt payments that were set to balloon to roughly $1.9 million in March, which means …

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‘Harrisburg’s Debt Nightmare Is Over,’ Mayor Wanda ... - PennLive

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Sep 27, 2023 · Instead, Williams proudly began her remarks highlighting the city eliminating its $638 million “debt nightmare” which trails back to a loan taken out in 1997. “One year ago, on …

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Harrisburg Paid Off Big Debt Early; What’s Next For The City?

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May 30, 2023 · In September 2022, the city finished paying off a $125.6 million debt dating back to the Reed Ad. Harrisburg became debt-free in March, when it made its last $8.3 million …

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Plan To Pay Off Harrisburg Debt Relies On Funding From American …

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Jul 9, 2021 · Allatt detailed the plan to pay off $24.6 million in debt with money from general fund balance. Critics argue that this is essentially funneling the federal relief money from the …

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How A Capital City Goes From A $300 Million Debt To A State …

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Dec 9, 2011 · Harrisburg’s $300 million incinerator debt has the capital in the middle of a state takeover and the twists and turns of the story read like a Nancy Drew mystery novel. In 2003, …

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FAQs about Harrisburg pays off $125 million debt after 25 years - ABC27 Coupon?

Will Harrisburg be debt free by next year?

An $8.4 million payment made by the City of Harrisburg on Friday is expected to enable the the city to be debt free by next year. ...

How much money did Harrisburg pay Ambac Assurance?

She said the city made its final $8.3 million payment in March to AMBAC Assurance, wiping away a debt which still remained at $26 million in 2021. “In the process, we saved City of Harrisburg taxpayers millions of dollars,” Williams added. ...

How many displaced vendors are there in Harrisburg?

The temporary market which is expected to open in October, will host 16 displaced vendors, she said. Williams highlighted public safety efforts under commissioner Thomas Carter, as Harrisburg police have taken 170 firearms off the streets so far this year. She also said city detectives solved 18 of last year’s 22 homicides. ...