Mayor of Wilkes-Barre asks state for financial assistance
WILKES-BARRE, Pa. (AP) — The mayor of Wilkes-Barre (WILKS’-ba-ree), Pennsylvania, is asking the state to consider the city for financial assistance under a program for distressed communities.
Mayor Tony George tells The Citizens Voice he signed the paperwork Friday as the city faced a projected $3.5 million deficit next year.
Communities deemed financially distressed are eligible for loans and grants through the state Department of Community and Economic Development.
The Financially Distressed Municipalities Act also allows cities to restructure debt and provides other ways to alleviate financial distress.
If the state approves George’s petition, the state would appoint a financial adviser to design a financial recovery plan for the city.
Information from: The Citizens’ Voice, http://www.citizensvoice.com