Government

The Latest Pennsylvania Town That Can't Pay Its Bills

Times are so tough in Shamokin, City Hall had its gas cut off last month.
Reuters

Shamokin, Pennsylvania, wants to enter a join financial oversight system which many enter but few leave.

Known as "Act 47," the "Financially Distressed Municipalities Act" gives Pennsylvania's Department of Community and Economic Development help cities and towns restructure their debt and control their ability to receive government funding. It also gives the financially strapped municipalities access to credit and can levy certain taxes.