Even as legislators push to extend a ban on municipal bankruptcy through November, a financial analysis of Harrisburg's structural deficit shows the city may run out of cash by October, the Harrisburg Patriot-News reported today. In a court update, city Receiver William Lynch said that as of June the city had $5.5 million in the bank. However, because most of the city's taxes are collected at the beginning of the year, that fund will slowly be depleted over the next few months. According to an analysis by the Pennsylvania Economy League, the city's coffers may be short more than $3.8 million by the end of the year.
