Pennsylvania's capital, Harrisburg, now faces another state intervention, this time for its school district.

Following up on a state law passed last summer, Pennsylvania Secretary of Education Ron Tomalis on Wednesday declared Harrisburg's school system in "moderate financial recovery" and named Gene Veno of Lower Paxton Township, Pa. as its chief recovery officer.

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.