Chester Pride In All We Do
On August 26, 2024, the Receiver for the City of Chester filed a Plan of Adjustment in U.S. Bankruptcy Court that proposes a process to generate annual revenue for City services by monetizing Chester’s water, wastewater and stormwater assets, while keeping them in public hands.
What does this mean for Chester? Watch Receiver Michael Doweary and Mayor Stefan Roots explain in this video.
Since filing the Plan of Adjustment, the Receiver's Office has been asked an important question: Just who owns the Chester Water Authority?
The Receiver devoted two MFRAC meetings to this question, as the answer is critical to the future of the City of Chester.
Missed the meetings? Watch Part One and Part Two, and review the meeting presentations here.
Meet Receiver Michael Doweary
Michael Doweary is the State-appointed Receiver for the City of Chester, and he is committed to serving the people of Chester and bringing the City into financial good standing. Receivership is a court-appointed process in which the state appoints a third-party manager to have direct control over finances.
Recovery Plan
The City of Chester has been subject to Commonwealth financial oversight under the Municipalities Financial Recovery Act (Act 47 of 1987) since 1995. While other communities have successfully exited oversight or made progress toward doing so, Chester continues to struggle with multi‐million dollar deficits, past due obligations to its employee pension plans, and very marginal investments in the infrastructure that Chester residents and businesses use every day.
Municipal Financial Recovery Advisory Committee Meetings (MFRAC)
The Municipal Financial Recovery Advisory Committee (MFRAC) meets on the second and fourth Tuesday of every month at 1 p.m. EST.
These meetings are live-streamed via the Receiver’s Facebook page.
News and Updates
Contact
The Receiver’s team invites your comments and questions about the Recovery Plan, Chester’s financial condition, or anything else related to our work.
If you have any questions or comments, please contact us via email, phone or send us a message using the contact form.
Email
Info@ChesterReceivership.com
Phone
(717) 720-7304