Harrisburg Receiver William Lynch (Left) and Mayor Linda Thompson (Right)
(Harrisburg) -- A state judge has extended Harrisburg's receivership for two additional years in what's described as procedural move to allow time for the completion of the city's financial recovery plan.
Commonwealth Court Judge Bonnie Brigance Leadbetter has issued an order granting a joint request by the state and the city to extend the receivership until December 1, 2015.
A spokesman for state-appointed receiver William Lynch says the two-year increment is required by law and not a reflection of the time Lynch expects to stay on as receiver.
Lynch is finalizing a plan that includes selling the city's trash incinerator and overhauling the Harrisburg Parking Authority to pay down hundreds of millions in debt.
Major creditors have agreed to forgo about 100 million dollars, and city residents are paying higher income taxes.
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