24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

40 Percent of Pennsylvanians Live in Financially Distressed Towns

HARRISBURG — More than 5.2 million Pennsylvanians — 41 percent of the state’s 12.6 million residents — live in a city, township or borough facing some form of financial distress.

And civic leaders warned on Monday that things are probably going to get worse before they get better.

Ed Pawlowski, mayor of Allentown, said municipal pension costs are eating a hole in his budget.  Costs rose from $6 million last year to more than $18 million this year and will climb to $31 million within a few years.  By 2015, fully 30 percent of Allentown’s budget will pay for benefits to retired city workers, police officers and firefighters, he said.

Source: PA Independent. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.