Harrisburg is finished paying a multi-million dollar debt that has burdened the city for more than a decade.
City leaders said Thursday they had submitted a final $8.3 million payment to bond insurer AMBAC this week. Harrisburg has for years owed the insurance company money for covering a series of bond payments the city could not make.
“For me, this has been a particularly annoying and costly debt, because we’ve had the ability to pay this off for many years,” Harrisburg Treasurer Dan Miller said at a news conference.
WITF.COM
by Sam Dunklau
MARCH 16, 2023