The Harrisburg Authority will miss a $3.2 million June 1 payment to bondholders of incinerator debt sold in 2003 that helped finance upgrades to the Pennsylvania facility.
The payment deadline affects Series 2003D, E, and F bonds. In addition, the authority will not meet three June 1 derivative payments that total approximately $860,000. Together, the debt service costs and the swap payments total $4.09 million. The authority has $282 million of outstanding incinerator debt, all of which the city of Harrisburg guarantees.