HARRISBURG, Pa. - Pennsylvania Gov. Edward Rendell Wednesday night urged the Harrisburg city council to lease municipal assets to meet debt obligations rather than filing for bankruptcy or seeking state oversight under Act 47.

While Rendell has met with numerous city officials during his seven years as governor to discuss financial issues, it was the first time ever that he appeared before a city council meeting to offer his advice on how a municipality can improve its fiscal outlook. As mayor of Philadelphia from 1992 to 1999, Rendell helped the city emerge from a $250 million budget deficit and declining employment, in part by leasing airport parking garages to raise needed revenue.

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