tag | Act 47

Harrisburg became debt-free in March, when it made its last $8.3 million payment to bond insurer AMBAC. In September 2022, the city finished paying off a $125.6 million debt dating back to the Reed Administration in 1997.

Years of financial oversight through Act 47 has prepared cities that were thought to be doomed by the pandemic, while others face cuts and potentially massive tax hikes.