Harrisburg leaders believe bankruptcy is inevitable for city

Q: Where do things stand in the city now?
Dan Miller: We’re going into bankruptcy. The question is will we have the assets or won’t we have the assets [when we do]. Just because we adopt a plan, that’s not going to solve the problem. I think [receiver] David Unkovic knows the same thing.

Q: How significant was the city’s general obligation default on March 15?
Miller: I suspect we’re not paying any more debt for the rest of the year. I’m not the decision maker, but if you’re not going to pay it now, you’re not going to pay it anymore. Unkovic is projecting a $9.5 million deficit. I’m calculating $15 million. We’re both acknowledging it’s a big deficit for this year. Our general debt service is about $11 million a year. Even if you sell the assets, it’s not going to impact the budget. We’re out of money.

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