Pittsburgh's hearing to get out of financial distress rescheduled
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The hearing on a proposal to remove the city of Pittsburgh from Act 47 financial oversight has been rescheduled for 3 p.m. Thursday in city council chambers.
The meeting was to be held Monday, but the state Department of Community and Economic Development postponed it because of Hurricane Sandy. Department spokesman Steven Kratz confirmed the new date today.
The city's Act 47 coordinators, Jim Roberts and Dean Kaplan, last month urged C. Alan Walker, secretary of community and economic development, to remove the city from Act 47 oversight. They said the city had made significant financial progress since its entry into oversight about eight years ago.
The hearing will help Mr. Walker make a decision. Members of the public may address the hearing officers, selected by the state.
Even if the city is removed from Act 47 oversight -- and Mr. Roberts and Mr. Kaplan wind down their work -- the city still would be monitored by another oversight board, the Intergovernmental Cooperation Authority.
First Published November 2, 2012 4:32 pm