Emergency Fund Saves Coatesville Jobs

City Council Vice President Joseph Hamrick spoke to NBC10 and confirmed the council voted to dip into Coatesville’s emergency fund for $2.2 million, avoiding any job cuts.

By David Chang
|  Tuesday, Oct 9, 2012  |  Updated 9:54 AM EDT
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Coatesville's Broke

NBCPhiladelphia.com

The money will be used to pay city workers, such as police and firefighters, and cover expenses through the end of the year.

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Coatesville's Broke

The town can't pay it's bills. City Council's expected to vote again Monday on whether or not they can use $2.2 million dollars that is in a trust fund to pay their bills.
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City workers in Coatesville are breathing a collective sigh of relief. Their jobs have been saved, according to the City Council.

City Council Vice President Joseph Hamrick spoke to NBC10 and confirmed the council voted to dip into Coatesville’s emergency fund for $2.2 million, avoiding any job cuts.

The money will be used to pay city workers, such as police and firefighters, and cover expenses through the end of the year.

The city faced a financial crisis after “operating beyond its means for years,” according to Hamrick. Hamrick cited a number of factors, including police overtime and a series of arsons that hurt the city financially. Hamrick told NBC10 the city would not have been able to pay Coatesville workers if they didn’t access the emergency fund. 

Hamrick also claims he had voted three times to release money in the reserve trust fund but was met with opposition repeatedly before Monday night’s vote.
 

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