Wilkes-Barre City Council Voted to Borrow Up to $52 Million to Restructure

WILKES-BARRE — The Wilkes-Barre City Council voted to borrow up to $52 million dollars to restructure their budget deficit during Thursday night’s meeting.

Mayor Tony George cautioned council that they needed to approve the borrowing plan, otherwise he would declare the city financially distressed.

The council opted to avoid that status due to the crushing blow it would cause for residents, since entering a distressed status almost certainly leads to huge tax increases for citizens.

The council opted to approve the Mayor’s borrowing plan by a 3 to 2 vote.

5 comments

    • john williams

      As long as the cities of Philadelphia, Chicago, Detroit, Cincinnati, Miami, Buffalo, Clevland, St. Louis, Newark and Milwaukee. Maybe longer. Do you know all the listed above have the highest rates of poverty in the US? You get what you vote for, lemmings.

  • cheap tightwad

    Cut out all funding that come with strings attached, then shut down those programs. No overtime, last in first out and no new spending, offer to buy back all benefits for half the value to be payed as wage increases . Do that and they will have tons of cash and will then have to cut taxes.

  • Lloyd Schmucatelli

    HAHAHAHA!!

    And around and around the toilet bowl goes!!

    This should get interesting!!

    Restructure, hmmm. Bulldoze and rebuild?

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