Friday, October 21, 2011

Pa. Gov. Corbett signs Harrisburg takeover bill (AP)

HARRISBURG, Pa. ? Having freshly signed a bill aimed at giving him unprecedented power to take control of the finances in Pennsylvania's capital, Gov. Tom Corbett expects to declare a fiscal emergency in Harrisburg soon.

A spokeswoman said Thursday that Corbett's office is working on the paperwork for Harrisburg and the governor expects to sign it as early as next week.

A bill Corbett signed earlier Thursday opens the door to what observers say is the most aggressive intervention yet by the state government into the affairs of a Pennsylvania city.

Corbett must first declare a city to be in a state of fiscal emergency. After that, he can order a troubled city to obey financial plans drawn up by his appointees. Last week, the city filed for federal bankruptcy protection.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111020/ap_on_re_us/us_harrisburg_bankruptcy

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