Good stuff. Looks like the mayor wants to be the first to kick-off an epidemic of bond defaults.....or maybe after she read what Chapter 9 bankruptcy would do to her status, she decided to stamp a "veto" on the budget.
“Any mayor that signs a bill that doesn’t budget for its debt obligations certainly is in violation of debt act ordinances and also its own city ordinances,” Thompson said Friday during a press conference. “So the failure to budget and allocate funds for the city’s guarantee of the Harrisburg Authority’s debt act violates the debt act.”
Thats why she vetoed.
But, if you research PA law, you will find that PA has a process a muni must go through before filing chapter 9. They won't be allowed to file under PA law because they aren't insolvent. They have too many assets.