Mayor Luke Ravenstahl submitted his draft 2007 budget and 5-year Financial Plan to the Intergovernmental Cooperation Authority today, fulfilling the City’s obligations under Act 11.
“Pittsburgh’s status as an Act 47 community, combined with fiscal oversight by the Intergovernmental Cooperation Authority (ICA), requires that we submit a draft 2007 budget and 5-year Financial Plan by September 22nd,” said Mayor Ravenstahl. “Today we have fulfilled that obligation. Now, we all – Act 47, ICA and City Council – have a basis from which to work to finalize our budget and 5-year plan, ensuring Pittsburgh’s long-term financial stability and progress.”
“This budget reflects my primary objectives,” said Mayor Ravenstahl. “First, this budget balances my commitment to fiscal responsibility with the need to invest in Pittsburgh for future growth and economic vitality. Second, this budget continues, and enhances, Mayor O’Connor’s agenda by focusing upon improving each of our 88 neighborhoods. And third, this budget reflects an aggressive agenda to modernize City government in an effort to spur efficiency and improve customer service. Further, the budget also repositions our assets to focus on growth and development, reducing three taxes: a 10% reduction in the parking tax, a 50% reduction in the business privilege tax, and my commitment to the arts as an economic engine by also reducing the amusement tax on non-profit arts organizations by 50%. We must move Pittsburgh forward, putting it on the track of vibrant growth.”
Some highlights of the budget submittal include:
Mayor Ravenstahl acknowledged that the documents submitted will most likely undergo further debate and modification as the Administration, Act 47, the ICA and City Council proceed. “This is a process. Today we took a very important step. More work remains to be done,” said Mayor Ravenstahl.
Mayor Ravenstahl praised the work of his administration, City Council and the oversight boards that resulted in the documents submitted today. “During these challenging days surrounding the loss of our beloved Mayor O’Connor, everyone worked together to craft a dynamic, yet responsible, budget and plan. Our team is committed to working together to move Pittsburgh forward.”
Thursday, September 21, 2006
More Finances articles
MAYOR ANNOUNCES SECOND ROUND OF PUBLIC MEETINGS FOR CITY'S CULTURAL HERITAGE PLANNING EFFORT
Dec 06, 2010
Office of Mayor Luke Ravenstahl
512 City County Building | 414 Grant Street
Pittsburgh, PA 15219
telephone: 412-255-2626 | facsimile: 412-255-2687