My Reliable Sources: City Appears To Be On Verge of Act 47
A breaking news alert from The Morning Call has just confirmed what this blog reported over 24 hours ago, that the city of Allentown is headed for an Act 47 filing. (Not that Perspectives was given any credit in the paper for breaking this story, but the readers know where they heard it first.)
In typical City Hall fashion, the Pawlowski administration is still denying it, but both Jarrett Renshawâ€™s and my sources say it is going to happen.
And since Iâ€™m on a roll here, I will take this opportunity to reprint something I wrote over five years agoâ€¦
Emergency Medicine: Although not perfect, Act 47 could relieve Allentown’s symptoms of financial distress
Maybe I should add the title â€œpsychicâ€ to the other jobs I do.
The arrogance and hubris of this administration for waiting to do what should have been done years ago is a legacy for which it will always be remembered. So all the deception and obfuscation was for nothing but to drive the city further in to debt. Congratulations on putting ego ahead of the needs of Allentown.
Blogger’s Note, 4/6, 2:10 p.m.: City Hall is denying there will be an Act 47 filing. At this point I’m sticking by my sources. I suspect one or both of two things are going on: What the city is really about to apply for is Act 205, the Municipal Plan Funding and Recovery Act and in the game of “whisper down the lane” that information was transformed into Act 47. And/or the unions got wind of a possible bankruptcy filing and decided to strike the first blow. But the bottom line is, something is going on. The city is drowning and it’s looking for a lifeline. Stay tuned…