Lamb Plan Falls Short
Controller Michael Lamb has proposed a plan to fund Pittsburgh pensions that would meet the requirement of reaching 50 percent funded by December 31st
Christopher Wendt
October 5, 2010
Controller Michael Lamb has proposed a plan to fund Pittsburgh pensions that would meet the requirement of reaching 50 percent funded by December 31st
Pittsburgh’s City Council and Mayor must be hoping for a miracle. They have rejected each other’s plan to avoid a state takeover of the
Moody’s has downgraded the City of Pittsburgh’s financial outlook from “stable to negative.” While the City keeps the A1 rating from 2008, the rating
Last New Year’s Eve, City Council enacted an 11th hour scheme-with the ICA’s blessing-designed to prevent a state takeover of the City’s pension funds.
The Mayor just appointed City Council’s most junior member to the board of the Stadium Authority, an Authority that was created in 1965 to