Wilkes-Barre on the Financial Road to Recovery

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WILKES-BARRE, LUZERNE COUNTY (WBRE/WYOU) — The financial future of the Diamond City is making headlines again.

In this Eyewitness News follow-up, State Senator John Yudichak stopped in Wilkes-Barre to announce the next step of getting the city back on track.

The Pennsylvania Department of Community and Economic Development awarded the city a $200,000 Early Intervention Program Grant, which will fund the next phase of Wilkes-Barre’s financial feasibility study.

The city administration and financial adviser will work out a plan to straighten out Wilkes-Barre’s money woes.

The grant comes after the Wilkes-Barre City Council approved a $52-million debt restructuring package at last week’s meeting.

Mayor Tony George was planning to ask the state to place Wilkes-Barre in financially distressed status, or Act 47, if the city council did not adopt the debt restructuring ordinance.

The financial adviser is expected to deliver a report to the city council in the next 30 to 45 days.

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