Over three years ago, in February 2010, we asked if the debt related to a trash incinerator was pervasive enough to cause a municipal bankruptcy filing-colloquially, that the City of Harrisburg’s finances could possibly end “up in ashes”.
Pittsburgh has lost again, although this time it was not a sports contest. The City lost an arbitration award to the labor union representing Public
“…the notion that the second largest city of this Commonwealth would record the unprecedented status of bankruptcy is simply an unacceptable alternative”- Report of the
Pittsburgh City Council recently enacted a prevailing wage bill and is now considering a living wage bill. Both measures will almost certainly increase City spending
In 2003 a duo of the City’s elite chaired a task force known as the Hillman/Roderick Committee to study Pittsburgh’s financial problems and to recommend
While Pittsburgh has some similarities with the problems in Detroit (albeit nowhere near the same magnitude) and there is cause for concern about Pittsburgh’s financial wellbeing, there is little chance that on its present course the City will face bankruptcy. That is not to say that it can be allowed to return to the spendthrift, reckless behavior that had the City headed toward financial collapse and brought it to the point of being placed under two state financial overseeing groups-the ICA board and the Act 47 financial coordinator team-a decade ago.
When the Secretary of Pennsylvania’s Department of Community and Economic Development rejected Pittsburgh’s petition to have its Act 47 designation lifted last July, he noted
Pittsburgh’s Recovery Team unveiled its amended Recovery Plan last week, the latest step in the City’s tenure under Act 47 distressed status that began in
Today’s Policy Brief outlined the overarching themes of the amended Act 47 Plan for the City of Pittsburgh. Those themes are (1) the Coordinator should
Pittsburgh’s debt is high, but how does it compare to other cities? The Recovery Plan includes data from Moody’s Investor Services on FY2008. Using direct
