Debt and Deficits

Really Bad Processes Ballooned PA Debt

Like kids with a credit card, really

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Harrisburg's incinerator debt was tied to inaccurate cost and revenue estimates, as well as a state approval process for borrowing that did not examine the wisdom of the city taking on this debt.

This observation came out of a Senate Local Government Committee hearing Thursday on an audit of the failed incinerator project, which accumulated more than $300 million worth of debt.

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