Energy - January 13, 2017

Harrisburg City to revamp Riverwalk with federal funding

Harrisburg has received $1 million in federal funding to repair the sidewalk along the riverfront. About 2 miles of the Riverwalk and steps will be fixed. The walk is in not in great shape with cracks and chunks of the walk missing and according to Harrisburg Mayor Eric Papenfuse it's been about 100 years since any repairs have been done. Papenfuse said he was “elated” that PennDOT approved the grant request and said repairing the walk will “make it easier for people to enjoy the park and get around Harrisburg.” The funding is part of $33 million in federal transportation funding that will finance seven projects in Pennsylvania. Other projects include: curb and sidewalk construction in Franklin and Lancaster Counties, expanding and improving safety along an existing network of pathways at Elizabethtown College and Elizabethtown Area School District (Lancaster County), a pedestrian bridge over the Conestoga River in Lancaster City, a Rails-to-Trails bridge in Lebanon County and pedestrian/cycling bridge in York County.

PA to manage own investment funds; saving over $5 million

Governor Tom Wolf and PA State Treasurer Timothy Reese announced on Thursday that the state will take over managing its own investment funds. The three funds the state will be managing are the State Workers’ Insurance Fund, the Workers’ Compensation Security Fund and the Underground Storage Tank Indemnification Fund. Currently those funds are managed but a total of 45 firms. The state will be saving $5.6 million each year by choosing to manage those funds. The approximate total worth of the three funds combined is $2.3 billion.