Examining Capital Budgets

Examining Capital Budgets

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Both the City of Pittsburgh and Allegheny County plan to spend around $50 million apiece on capital needs in 2014.  So where does the money come from and where does it go?

The County’s sources of money come from bonds ($34 million), state and Federal reimbursements (close to $5 million) and other financing ($10 million).  The City’s sources of money come from “pay as you go” operating funds ($25 million), “other” which includes Federal and state support (close to $15 million), and Community Development Block Grant dollars ($13 million).

A third of the County’s capital budget will go for “roads” and another 12 percent to bridges.  The County is receiving $1.7 million from the state’s Marcellus Shale legacy fund to add into the bridge total.  The City lists two bridge projects for 2014.  The County will direct $9.8 million to the Port Authority for capital needs, including $1 million to study the proposed rapid transit connection.  The County will spend about $1 million more on parks than the City.