Pittsburgh finances to remain under state control

July 17th, 2008, posted by RobHop

Pittsburgh is still too heavily laden with debt and pension costs to fly solo on its journey to financial health, the state’s top economic development official announced today.

“While Pittsburgh has witnessed considerable progress in stabilizing its financial position, having achieved surpluses in the last 3 years, future financial projections show a return to a structural imbalance by 2011 without further action,” said Dennis Yablonsky, secretary of the Department of Community and Economic Development.

Yablonsky’s ruling says Pittsburgh must remain a “financial distressed” municipality under the Municipality Financial Recovery Act, commonly known as Act 47.

He did not predict when Pittsburgh might be ready to emerge from what is essentially state control of the city’s finances.
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If the Mayor had not GIVEN

On July 18th, 2008 Anonymous said:

If the Mayor had not GIVEN away north shore property worth over a hundred million dollars to his rich, tax-doging Democrat friends, the City could have SOLD that property, and eliminated much of its debt problems.

Local Democrats would rather help rich Democrats get richer than do what’s best for the miserable peons they ravage with high taxes.

I’m still looking for my

On July 20th, 2008 Anonymous said:

I’m still looking for my check for my portion of the $78 million dollar
Three Rivers Stadium bond that was demolished when they brought it
down? Also, they’re should have been some tax revenue from the sale
of any of the memorabilia; seats and astro turf $ such?

This is a part of the debt? right?

Happiest day of my life was

On July 21st, 2008 Anonymous said:

Happiest day of my life was moving out of Pittsburgh and leaving the high taxes and corruption behind. Enjoyed escaping the Pittsburgh Press and local TV, too, both mindless shills that ignore truly crooked activity among “good” democrats.