The Allegheny Regional Asset District board this afternoon unanimously approved a $3 million allocation to Port Authority of Allegheny County, a move that will help the authority avoid a massive service cut and close its deficit.
The allocation, though relatively small, will help free up $30 million in state money because of a lucrative matching program.
It was approved as a part of the 2013 budget, which included $89.7 million in grants to a variety of groups. The district is responsible for distributing the revenue collected from a 1 percent county sales tax.
Traditionally, RAD has supported libraries, cultural facilities, parks and stadiums. This year was the first time that it's given a grant to Port Authority. The district drew on its reserves but also had additional revenue to cover the allocation.
The board harped on the importance of state and local officials finding a more permanent, stable funding source.
"This year we can afford (it)," said board Chairman Dan Griffin. "We don't know if we're going to have the money to do this next year."
Moriah Balingit: email@example.com or 412-263-2533 or on Twitter @MoriahBee.