The urge to close the loose ends of Harrisburg's financial recovery plan by the end of next month hovered over Friday's
"Now, while the bond market is favorable, and before we move into the city's traditional cash flow crunch in January, we must close all the 'Harrisburg Strong' transactions," Mayor Linda Thompson said at the Harrisburg Hilton.
"We have to approve all the settlements and transfers to get rid of the liability of the incinerator and turn our parking system into a long-term revenue stream that provides a guaranteed greater return to the city, by next month," said Thompson. "The incinerator, parking, water and sewer, and sanitation deals are all part of a single recovery transaction. No one single event can happen until everything happens."
State-appointed receiver William Lynch's "
Asset transfers must occur before parties can hold the bond sales.
The plan also calls for a balanced budget for four years. The city has already transferred its water, wastewater and sewer system to the Harrisburg Authority public works agency.