SCRANTON, LACKAWANNA CO. (WOLF) \u2014 Scranton ended 2025 with a $3.6 million surplus in its general fund, according to the city\u2019s newly released annual audit, which reported no negative findings.<\/p>\n
The audit, conducted by independent accounting firm CliftonLarsonAllen LLP, reviews the city\u2019s finances for the year ending Dec. 31, 2025. Scranton said it released the audit by the Sept. 30 deadline for the second consecutive year.<\/p>\n
Mayor Paige Cognetti credited revenue growth and spending controls across city departments for the surplus. She said the city has moved from the brink of bankruptcy to consistent budget surpluses and an A-minus credit rating.<\/p>\n
The audit also notes that the city\u2019s long-term credit rating was raised to A-minus with a stable outlook in January 2026.<\/p>\n
The administration says Scranton\u2019s tax base has grown through housing and business development. The city reported that 74 businesses opened in 2025, nearly 14,000 building permits have been issued since 2022, and an estimated 1,118 housing units have been created since 2020.<\/p>\n
The city also said it has reduced some building permit and inspection fees while updating its application systems. It credited grant funding and a revised procurement process with helping pay for park renovations and infrastructure projects.<\/p>\n
The administration must submit its proposed 2027 operating budget to City Council by Nov. 15.<\/p>\n","protected":false},"excerpt":{"rendered":"SCRANTON, LACKAWANNA CO. (WOLF) \u2014 Scranton ended 2025 with a $3.6 million surplus in its general fund, according…\n","protected":false},"author":2,"featured_media":307961,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[178,180,179],"class_list":["post-307960","post","type-post","status-publish","format-standard","has-post-thumbnail","category-scranton","tag-scranton","tag-scranton-headlines","tag-scranton-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/307960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=307960"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/307960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/307961"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=307960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=307960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=307960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}