PAFR

City Government
9:46 pm
Thu July 18, 2013

Pittsburgh Projected to Finish the Year with Budget Surplus

The city of Pittsburgh is on track to finish 2013 with a budget surplus, according to the Popular Annual Financial Report (PAFR) released by Controller Michael Lamb.

The earlier, Comprehensive Annual Financial Report (CAFR), showed the city ended 2012 with a surplus in excess of $20 million. Lamb also gave an update on how the city is doing so far this year.

Citing a national report out this week, Lamb said this year the Pittsburgh region is experiencing moderate growth, while many other parts of the nation are experiencing slower, modest growth.

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