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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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Angels trade Ian Kinsler to Red Sox for two prospects

first_imgNeither of the relievers has yet reached the majors, which means the Angels could have a full six years of major league control over each. Both pitchers have options remaining for at least one more year, which gives them valuable flexibility.They are the second and third pitchers added to the system in the past week, joining 21-year-old Patrick Sandoval, who came in the Maldonado trade.Although the Angels were expected to compete for a playoff spot this year, they have slipped to 54-53, 9-1/2 games out of the race for the second AL wild card.The Angels could continue moving players before Tuesday’s 1 p.m. PT non-waiver trade deadline, although the rest of their attractive players are all under control for next year, which means the Angels would be more inclined to want to keep them. Eppler said Buttrey “looks pretty darn close to major league-ready.” He added that he throws 96 mph, and tops out at 99 mph, and has a solid slider.Jerez was named the 23rd best prospect in the Boston system by MLB.com. He has 67 strikeouts in 51-1/3 innings. Jerez throws 95 mph and touches 100 mph, Eppler said. He also throws a slider and a changeup.Related Articles Mike Trout, with bat and glove, helps Angels end losing streak ST. PETERSBURG, Fla. — The Angels traded Ian Kinsler to the Boston Red Sox on Monday night for two pitching prospects, the team’s second deal in five days to unload an impending free agent.Kinsler, 36, follows Martin Maldonado, who was sent to the Houston Astros, as the Angels appear to continue to look toward the future.The Angels got right-hander Ty Buttrey and left-hander Williams Jerez from the Red Sox. Both were at Triple-A. Buttrey, 25, had a 2.25 ERA in 32 games out of the bullpen. Jerez, 26, had a 3.68 ERA in 33 games in relief.“I really think the world of (Kinsler),” General Manager Billy Eppler said. “It was difficult, but we’re excited about the players we’re getting back and the potential for their impact at some point here in the future.” Sign up for Home Turf and get exclusive stories every SoCal sports fan must read, sent daily. Subscribe here.The Angels also reportedly sent the Red Sox $1.8 million in cash to help cover the remainder of Kinsler’s salary for 2018, which is about $3.6 million.Kinsler helps fill the void left by Dustin Pedroia, who has been injured for most of the season. Although Kinsler got off to a slow start offensively, he hit .286 with an .866 OPS over the past two months.David Fletcher is likely to move over to become the everyday second baseman in Kinsler’s absence, although Eppler said only that they would announce their plans on Tuesday. Kaleb Cowart, who was pulled from the game at Triple-A Salt Lake on Monday, is expected to come to the majors to fill Kinsler’s roster spot. If the Angels do move Fletcher to second, they could use some combination of Cowart, Luis Valbuena or Jefry Marte at third.Taylor Ward, one of the Angels’ fastest-rising prospects this season, also could be promoted to play third at some point over the season’s final two months. Ward has hit .350 with a .991 OPS this season, splitting his time between Double-A and Triple-A.Buttrey was named the Red Sox organization’s 19th best prospect recently by MLB.com. This season he has struck out 64 times and walked 14 times in 44 innings with Pawtucket, Boston’s Triple-A team. Angels offense breaks out to split doubleheader with Astros center_img Clippers, Mavericks brace for the unknown in Game 4 Jose Suarez’s rocky start sinks Angels in loss to Astros Angels’ Shohei Ohtani spending downtime working in outfield Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

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