Pittsburgh Case Study
| dc.contributor | Shafroth, Frank | |
| dc.contributor | Posner, Paul | |
| dc.contributor | Conlan, Tim | |
| dc.contributor | Armstron, Andrew | |
| dc.contributor | Lawson, Michael | |
| dc.contributor.author | Emmans, Sarah | |
| dc.date.accessioned | 2016-05-06T18:20:24Z | |
| dc.date.available | 2016-05-06T18:20:24Z | |
| dc.date.issued | 2013-09-01 | |
| dc.description.abstract | Facing decades of structural budget gaps and unsustainable legacy costs, the City of Pittsburgh entered two forms of state oversight in 2004. In the nearly ten years since, the city has turned structural deficits into annual positive fund balances, restructured its crushing debt load, streamlined an outsized government, and earned a triple-notch bond rating upgrade this summer. Still, with a $380 million pension liability, many doubt that Pittsburgh is ready to graduate from state oversight – especially given the extra relief from restrictive state laws that Act 47 provides to city officials. Meanwhile, a task force comprised of high-level state and local officials, labor leaders, and other stakeholders has convened to develop reforms to the laws -- including Act 47 – that affect communities’ fiscal sustainability. | |
| dc.description.sponsorship | This project was made possible with the generous support of the John D. and Catherine T. MacArthur Foundation. | |
| dc.identifier.doi | http://dx.doi.org/10.13021/G8XW2Q | |
| dc.identifier.uri | https://hdl.handle.net/1920/10240 | |
| dc.language.iso | en_US | |
| dc.publisher | Center for State and Local Government Leadership, George Mason University | |
| dc.relation.hasversion | https://fiscalbankruptcy.wordpress.com/the-reports/ | |
| dc.subject | Pittsburgh | |
| dc.subject | Legacy costs | |
| dc.subject | State oversight | |
| dc.subject | Restructured debt | |
| dc.title | Pittsburgh Case Study | |
| dc.type | Technical Report |