Summary
Pittsburgh has enough cash reserves to cushion it from lagging tax revenues and deficit spending, but debt and pension costs remain dire problems, city budget officials said Thursday.
The once cash-strapped city had an $89.5 million surplus at the end of 2007, up from $80.5 million the previous year, according to a partial, 15-page financial report released by City Controller Michael Lamb's office.See the full content of this document
Extract
Pittsburgh Cash Picture Improves
The amount in reserve is about 19 percent of the $480 million the city spent last ye...
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