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Recovery Plan Reached

Posted on: 10:40 pm, July 27, 2012, by

scranton budget

In Scranton, city leaders said they have reached a deal on a recovery plan to help lift the electric city out of its financial crisis.

Mayor Chris Doherty confirmed he reached a deal Friday with members of city council.

According to council president Janet Evans, the deal includes a thirty percent property tax increase over three years.

Leaders hope the deal will end Scranton’s credit crisis.

State officials must sign off on the plan.

If they do, city council could vote on the plan as early as next week.

Scranton’s multi-million dollar budget troubles have drawn attention nationwide.

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