September 05, 2019
Easton: A Community Highlight
In 2008 the financial crisis hit Wall Street, the United States and, by extension, the rest of the world. Easton, Pennsylvania, like other cities in the country, was not immune to the losses that the financial crisis instigated.
“In 2008 we came in office right at the biggest recession since the Great Depression and we were on the verge of Act 47, which is basically financial insolvency,” said Easton Mayor Salvatore J. Panto, Jr. “We were millions of dollars in debt and taxes were going up every year.”
Over a decade later, Easton has come out the other side and is now thriving. Residential opportunities, development, improvement of the city’s West Ward, and the ever bustling downtown have led the city to an A+ rating and high potential for even more growth in the future.
“We've increased our credit rating and we've stabilized our finances,” said City Administrator Luis Campos. “Now we're in a position, as development occurs here in the city and as money comes in through fees, where we can use that money aggressively in open space [opportunities].”
According to Campos, there is now money that can be used for open space projects, for pedestrian-friendly projects, for improved walkways, for more bicycle paths, and for improvement of street signs that help identify Easton’s neighborhoods as unique places to visit.
The city and its economy are already thriving with life. The Governor Wolf Building, the Pomeroy Building and the Silk Mill hold immense residential potential for the city. Parks and recreational activities that include the Karl Stirner Arts Trail and Hugh Moore Park allow a break from the city, and downtown Easton is booming on the weekends with its many small businesses, restaurants and nightlife spots. Employment opportunities are also increasing as organizations such as Hearst Magazines and Access Networks are becoming fixtures in the city.
Even with all that Easton has to offer, the city continues to stride towards bigger and better things for their residents and visitors.