Friday, February 29, 2008

Vast Majority of Pittsburgh Municipalities Have Budget Deficits

About 80 percent of Pittsburgh's municipalities have had budget deficits at least once between 2000 and 2005, according to a study from the University of Pittsburgh. And nearly 60 percent had two or more deficits, according to the study from the University of Pittsburgh Graduate School of Public and International Affairs.

Among the findings of the report were that municipalities traditionally thought of as economically sturdy, such as Mount Lebanon and Fox Chapel, had multiple deficits. Fox Chapel had deficits in four years, while Mount Lebanon was six-for-six.

Link: www.bizjournals.com/pittsburgh/stories/2008/02/25/daily45.html

Link 2: www.pittsburghtoday.org

Link 3: www.alleghenyinstitute.org/blog/2008/02/predictable-wrong-prescription-for.php

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