Plan to pay off Harrisburg debt relies on funding from American …

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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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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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 Makes Final Payment On Bond Spanning 25 Years, …

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Sep 9, 2022 · Harrisburg is getting closer to paying off its once-staggering debt load, following a milestone payment on Friday. The city made an $8.4 million installment, its final payment, on …

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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 Senior Center Fighting For Funding | Fox43.com

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Dec 17, 2024 · The money is from the American Rescue Plan (ARP). The city has designated $250,000 of the federal money it received for the Heinz-Menaker Center, but it’s yet to be …

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Harrisburg On Schedule To Be Debt-free By Next Year: City

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Harrisburg spokesman Matt Maisel said the payment, made to the Debt Service Fund at the Bank of New York Mellon, clears the city of the $125.6 million debt accrued, including interest, from …

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Harrisburg Senior Center In Limbo As American Rescue Plan Funds

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The Heinz-Menaker Senior Center in Harrisburg is facing an uncertain future as it waits for $250,000 in funding tied to the American Rescue Plan (ARP) that was allocated for senior …

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FAQs about Plan to pay off Harrisburg debt relies on funding from American … 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 debt did Harrisburg owe the bank of New York Mellon?

Harrisburg spokesman Matt Maisel said the payment, made to the Debt Service Fund at the Bank of New York Mellon, clears the city of the $125.6 million debt accrued, including interest, from a loan taken out in December 1997. ...

Does Harrisburg have a funding problem?

Despite the urgency of the situation, the funding remains trapped in Harrisburg’s government. Council Member Lamont Jones criticized the failure to disperse the funds, stating, "Council did not create this resolution. It came from the law borough, [and] it was signed off by the mayor. ...

Did the Trump administration froze federal grants & loans without vetting?

Follow live updates on the Trump administration here. The explosive Trump administration order that froze trillions of dollars of federal grants and loans this week was published without vetting by key officials in the White House, according to three people with knowledge of what happened. ...