community Service means Business!

7 July 2004

it's gonna be a long, lonely summer

(..i likes to cut 'til the bone pokes through...jim)

Cut more, fiscal oversight board tells PittsburghFiscal panel says $33 million in spending reductions not enough; wants $50 million total
By Timothy McNulty, Pittsburgh Post-Gazette


-The city is budgeted to spend $390 million this year. The board's request for $50 million in cuts would be a nearly 13 percent drop in city spending.
-The city is budgeted to spend $390 million this year. The board's request for $50 million in cuts would be a nearly 13 percent drop in city spending.
-The board called for the $50 million spending cut yesterday while rejecting a five-year city spending plan Murphy filed June 15. That plan -- required to be balanced, under state law -- combined the lesser spending cuts in the Act 47 plan with a five-year, 49 percent increase in property taxes.
-The board said it rejected the plan to enable the city, the Act 47 recovery coordinators and the board to work together on a final city recovery plan.
-The board is set to deliver that final plan to the state by the end of next month. According to the board's lawyer, Glenn Mahone, Murphy now has 15 calendar days to submit another version of his spending plan. (more)

or the complete letter from the Oversite Board




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