Tag: pension bailout

Where was the Oversight on the City’s Last Minute Budget?

Legislate in haste, repent at leisure. Recent developments indicate that axiom applies to the City’s budget, especially the New Years’ Eve plan aimed at avoiding

Christopher Wendt April 4, 2011

PMRS Wants Details ASAP

Under Act 44 of 2009 Pittsburgh had to get its underfunded pensions to 50% funded (enough assets to cover 50% of accrued liabilities) or face

Christopher Wendt March 30, 2011

Poor Outlook for City’s Creditworthiness

"Adoption of a budget that continues to rely on outside approvals, unrealistic revenue assumptions, or unachievable savings will result in a downgrade". That’s what one

Christopher Wendt April 6, 2011

Insights that Speak to You

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