(Harrisburg) — A state official assisting in establishing a financial recovery plan for the City of Harrisburg says the cash-strapped capital could run out of money to meet payroll by the end of September.
Department of Community and Economic Development official Fred Reddig told financial custodian William Lynch and a city advisory board on Wednesday that Harrisburg may have to skip a $3.4 million debt payment next month if it wants to keep cutting paychecks.
The Patriot-News of Harrisburg reports the next general payment is scheduled for September 15th.
Reddig reports the city faces a $12.6 million budget deficit for the year.
The state took over Harrisburg's finances last year as the city struggles under more than $300 million in debt tied to a trash incinerator renovation project.
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