After seven decades of stunning economic decline, Chester has become a rarity among U.S. cities: It’s in bankruptcy. We take an in-depth look at how Chester ended up at this point and what steps the city is taking ti climb out of it.
Chester Mayor Thaddeus Kirkland in the heart of the business district on the morning of Dec. 5, Avenue of the States and 5th Street. His administration is at odds with the state official who has filed for bankruptcy on the city's behalf.
The city is broke, and — according to the Pennsylvania receiver appointed to oversee its finances when Gov. Tom Wolf declared a fiscal emergency in Chester in 2020, and who filed the bankruptcy petition on the city’s behalf last month — broken. Chester’s immediate issue is a staggering pension underfunding crisis that municipal-finance experts describe as among the worst in the nation.The receiver’s office will ask a federal bankruptcy judge on Thursday to appoint a mediator to negotiate with the city’s creditors. A separate Commonwealth Court hearing next week will address
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