Act 47 en Sen Teplitz: Get Out and Stay Out of Act 47 <p>Act 47 was introduced by the Pennsylvania state legislature in 1987 as a means of helping financially distressed cities recover and avoid bankruptcy. 27 years later, several municipalities that were placed under Act 47 oversight have never rebounded.</p><p>State Senator Rob Teplitz (D – Dauphin) hopes stronger legislation would help these municipalities have their distressed status removed, while at the same time preventing other municipalities from entering Act 47.</p> Mon, 14 Apr 2014 19:26:51 +0000 Haldan Kirsch 27552 at Pittsburgh to Remain Under Act 47 <p>With the thanks of Pittsburgh’s mayor, Gov. Tom Corbett Thursday announced that the city would remain under the controls of Act 47.&nbsp;</p><p>Pittsburgh entered into distressed-city status 10 years ago, and the Ravenstahl administration had argued in 2012 that enough progress had been made to release the city from its bonds.</p><p>“While Pittsburgh continues to take considerable steps in its efforts in stabilizing the city’s financial position, many conditions that originally led to the distressed determination have not been alleviated,” Corbett said.</p> Thu, 13 Mar 2014 20:58:19 +0000 Mark Nootbaar 25816 at Pittsburgh to Remain Under Act 47 ICA Approves City Budget Proposal Changes, Doles Out Gaming Funds to Pensions <p>The state board that oversees the city of Pittsburgh’s finances has given its approval to changes made to the proposed city budget by Mayor Bill Peduto.</p><p>The Peduto administration had until the end of March to present final changes to the budget but has done so early.</p> Tue, 11 Feb 2014 22:09:22 +0000 Deanna Garcia 24258 at Pittsburgh Firefighter Union Asks Governor to Let City Leave Act 47 State Oversight <p>A week after Pittsburgh Mayor Bill Peduto <a href="">sent a letter</a> to Gov. Tom Corbett asking that the city stay under Act 47 state oversight, the city’s firefighter’s union is asking the opposite.</p><p>“The Act 47 team wrote a letter to the governor saying, ‘We’ve exceeded all of our financial expectations by the plan.’ And as such they recommended that we go out of 47,” said union president Joe King.</p> Thu, 16 Jan 2014 20:15:27 +0000 Deanna Garcia 22937 at Why Mayor Peduto Wants Act 47 to Stay, for Now <p>In 2003, the city of Pittsburgh was operating under a debt burden of more than 20% of its operating budget. Pools and recreation centers had to close and hundreds of city employees, including police officers were laid off.</p><p>Pittsburgh was declared financially distressed and placed under <a href="">Act 47 oversight</a>.</p><p>As the local economy has stabilized, former Mayor Luke Ravenstahl, along with Act 47 coordinators have said the city is ready to be released. But Pittsburgh's new Mayor Bill Peduto is asking Governor Corbett to keep the city under Act 47 oversight to allow his administration to work on a final recovery plan. Fri, 10 Jan 2014 23:42:55 +0000 Essential Pittsburgh 22651 at Why Mayor Peduto Wants Act 47 to Stay, for Now Peduto to Gov. Corbett: Pittsburgh Should Remain Under Act 47 Oversight <p><em>Updated 3:53pm 1/8/2014</em></p><p>The City of Pittsburgh has been under Act 47 state oversight since 2003. Back then, Pittsburgh was operating with a debt burden of more than 20% of its operating budget, pools and recreation centers had to close and hundreds of city employees, including police officers, were laid off. In late 2007, former Mayor Luke Ravenstahl along with Act 47 coordinators said the city was ready to be released. Even at that time, then Councilman Bill Peduto said the city wasn’t ready.</p> Wed, 08 Jan 2014 17:06:58 +0000 Deanna Garcia 22521 at Act 47 Task Force Expected to Recommend Legislation <p>A task force charged with revising the state's more than 25-year-old program for fiscally distressed municipalities is getting ready to recommend legislation.<br><br>The Act 47 program, established in 1987, was meant to take in cities that were on the brink of financial ruin. It has just shown to be not so adept at ushering stabilized cities out.<br><br>Rep. Chris Ross (R-Chester) is co-chair of the panel suggesting changes. He said the group will likely recommend creating a deadline for Act 47 municipalities to leave the program.<br> Mon, 23 Sep 2013 07:30:00 +0000 Mary Wilson 16892 at Pew Report Examines Commonwealth's Act 47 Program <p>A new report points out to policy makers what some municipalities already know: Pennsylvania’s program for helping distressed cities has an unimpressive track record.<br><br>Called simply Act 47, the program has claimed 27 cities and towns, and only six have exited the program.<br><br>Kil Huh, an author of the Pew Charitable Trusts report, said when the state does step in, a plan for stepping back out should be outlined.<br> Wed, 31 Jul 2013 14:41:11 +0000 Mary Wilson & WESA Staff 14049 at