Pennsylvania Gov. Tom Corbett has held out both a carrot and a stick to Harrisburg.

In a letter to Mayor Linda Thompson in advance of Wednesday’s critical City Council vote on another proposed financial recovery plan, Corbett warned that the state would not bail out its capital city, mired in more than $300 million of incinerator-related debt, if it does not pass the plan.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.