Pittsburgh Case Study

dc.contributorShafroth, Frank
dc.contributorPosner, Paul
dc.contributorConlan, Tim
dc.contributorArmstron, Andrew
dc.contributorLawson, Michael
dc.contributor.authorEmmans, Sarah
dc.date.accessioned2016-05-06T18:20:24Z
dc.date.available2016-05-06T18:20:24Z
dc.date.issued2013-09-01
dc.description.abstractFacing 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.sponsorshipThis project was made possible with the generous support of the John D. and Catherine T. MacArthur Foundation.
dc.identifier.doihttp://dx.doi.org/10.13021/G8XW2Q
dc.identifier.urihttps://hdl.handle.net/1920/10240
dc.language.isoen_US
dc.publisherCenter for State and Local Government Leadership, George Mason University
dc.relation.hasversionhttps://fiscalbankruptcy.wordpress.com/the-reports/
dc.subjectPittsburgh
dc.subjectLegacy costs
dc.subjectState oversight
dc.subjectRestructured debt
dc.titlePittsburgh Case Study
dc.typeTechnical Report

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