Bankrupt Cities

Harrisburg, Penn., May Run Out of Money by November

Will miss $3 million bond payment


Harrisburg has enough cash in the bank to make payroll in September, but even after skipping its next bond payment this week could be out of money by November.

The city's receiver, William Lynch, said Tuesday his office is exploring the city's options to ensure operations continue through the end of the year.

Lynch's office said Tuesday the city will not make a $3 million payment on outstanding city bonds.

"When you're running out of cash you have to make difficult decisions on which bills to pay," Lynch said.