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Governor Wolf Announces Pittsburgh Has Emerged from Distressed Status Under Act 47

first_imgGovernor Wolf Announces Pittsburgh Has Emerged from Distressed Status Under Act 47 Economy,  Press Release Harrisburg, PA – Today, Governor Tom Wolf announced that the city of Pittsburgh’s status as a distressed municipality under Act 47 is terminated. Pittsburgh is the second city and 14th municipality to exit the program.“This turnaround wasn’t easy – it took a lot of hard work, a lot of collaboration, and yes, some constructive arguments about where the city was headed, but in the face of it all, Pittsburgh stood united – desperately working to improve its stability and its financial health,” said Governor Wolf.  “Pittsburgh’s recovery has captured the attention of the nation, and, frankly, the world. We’ve transformed a rust belt city that was a symbol of economic decline into one of the most dynamic examples of innovation for the new economy in the world. My administration has been proud to support your efforts and will continue to do so in the years ahead.”In a ceremony at the City-County Building, Governor Wolf joined Pittsburgh Mayor William Peduto, city officials, local legislators, economic development officials, and Department of Community and Economic Development (DCED) Secretary Davin, who issued a formal determination letter finding that termination of the city’s distressed status was appropriate under Section 255.1 of Act 47. Secretary Davin made the decision after a thorough review of the city’s audits, financial data, and the record from a public hearing held on December 20, 2017.“I want to thank Governor Wolf and DCED for this announcement, and especially city residents and workers for all their patience and sacrifices the past 14 years,” Mayor Peduto said. “Act 47 was the tool we needed to bring our financial house in order and pave the way for Pittsburgh’s economic resurgence. Now our challenge is to continue building upon the fiscal discipline it taught us.”Pittsburgh has operated under Act 47 status for 14 years, entering on December 29, 2003. In the last few weeks, Secretary Davin reviewed documentation and evidence that was presented during the December 20 public hearing. The findings indicated that, bolstered by careful budget governance and a recent surge in the city’s technology and medical sectors, the city has stabilized its finances, and now operates with healthy surpluses that are projected to continue. It also reported the city’s debt service is reasonable and manageable when compared with the overall budget, and that city administrators have developed a strategy for fiscal management that pays for the necessary city services such public safety and public works, funds employee pensions plans, invests in capital improvements, and controls costs.“When Governor Wolf appointed me to this position, he set forth several priorities for my agency, one of which was to make sure Pittsburgh had the necessary support from Harrisburg to exit Act 47,” Secretary Davin said. “I’m extremely proud of our team and everyone here in the city who worked with energy, focus, and determination to get us to this point today.”Since 2015, five municipalities, including Pittsburgh, have recovered from distressed status. Others include Altoona, Blair County, Plymouth, Luzerne County; Nanticoke, Luzerne County; and Clairton, Allegheny County.The Municipalities Financial Recovery Act, Act 47 of 1987, was enacted to provide a broad-based program of fiscal management oversight, technical assistance, planning and financial aid to municipalities experiencing severe fiscal distress.For more information on Act 47, visit the Governor’s Center for Local Government Services at the Department of Community and Economic Development. February 12, 2018center_img SHARE Email Facebook Twitterlast_img read more

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Ambrose remains opposed to Gayle farewell

first_img…Windies selectors should have opted for new bloodWEST Indies bowling legend Curtly Ambrose has maintained the belief that the regional team should have looked past star batsman Chris Gayle for the regional team’s tour against India.The 39-year-old opening batsman had initially announced plans to retire from international cricket, following the recently concluded ICC World Cup.Gayle, however, changed his stance just ahead of the tournament and indicated he would stay on for the upcoming tour of India as a potential farewell.Ambrose and a few others, however, believe the World Cup was the perfect time for the veteran to step aside. The left-hander was, however, included in an ODI squad to face India.Despite struggling to make an impact at the World Cup, Gayle was the player-of-the-series in an impressive performance again England in the Caribbean earlier this year. While lauding Gayle for his contribution to regional cricket, Ambrose insisted it was time for fresh blood.“You need them to get better in terms of Hetmyer and Pooran and so forth, and Evin Lewis; so, what are you going to do? Let Chris Gayle play for a next four years and then four years later you bring them.“Chris Gayle has played for many years and has done extremely well and I have a lot of respect for him but what I am saying is that it is time to move on.People talking about give him a farewell Test match. He hasn’t played Test for five years so what you are telling me is that one of your opening batsmen, whoever he may be, you’re going to tell him to sit this game out and let’s give Chris Gayle a farewell, but that doesn’t make sense.” (Sportsmax)last_img read more

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