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Article: PA DCED Finds Scranton Failed to Implement Its Adopted Financial Recovery Plan.
- Article from:
- PR Newswire
- Article date:
- November 12, 1998
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Copyright informationCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Withholding of State Funds Now Possible Beginning in 1999
HARRISBURG, Pa., Nov. 12 /PRNewswire/ -- Pennsylvania Secretary of Community and Economic Development Sam McCullough today certified that the City of Scranton has failed to implement its adopted financial recovery plan required under Act 47 of 1987 (The Municipalities Financial Recovery Act).
"Act 47 provides distressed municipalities with the tools and resources they need to put their fiscal affairs in order," McCullough said. "While several other distressed communities in Pennsylvania are making positive strides in their recovery, Scranton has failed to make significant progress because the city has not ...