Treasurer's Task Force floats solutions for Pennsylvania retirement gap

Treasurer's Task Force floats solutions for Pennsylvania retirement gap

As part of a task force to address the little under half of Pennsylvania's who cannot save for retirement through work, State Treasurer Joe Torsella held the second of three meetings on the gap in retirements savings in Pittsburgh Friday morning.

The meeting focused on hearing from state business leaders and retirement planners, who laid out the high cost for many small firms to set up retirement funding for their employees. While the panel was presented with a few solutions, none will be formally presented by the task force until a final meeting in January in Harrisburg.

Friday, November 17, 2017/Author: Stephen Caruso
Categories: News and Views
Pittsburgh URA approves Civic Arena deal changes in 3-2 vote

Pittsburgh URA approves Civic Arena deal changes in 3-2 vote

A deal to rework the Civic Arena agreement between the city of Pittsburgh and the Pittsburgh Penguins was confirmed with three changes by the Urban Redevelopment Authority Wednesday afternoon, with one vote to spare. 

In a 3-2 decision, the board of the URA passed the deal, reached last week, to remove a $15 million option payment to the Penguins that created an incentive for the National Hockey League team to a sit on the 28 barren acres that connect the Hill District and Downtown. 

Wednesday, November 15, 2017/Author: Stephen Caruso
Categories: Pittsburgh
Mayor's water panel hears results of consultant study, mirrors earlier actions of PWSA Board

Mayor's water panel hears results of consultant study, mirrors earlier actions of PWSA Board

A few hours after a Pittsburgh Water and Sewer Authority Board Meeting laid the groundwork for addressing its myriad issues of crumbling, lead leaching infrastructure to shotty billing Wednesday, a mayoral panel was presented with a consultant firm’s take.

IMG Consulting, hired by Mayor Peduto's Blue Ribbon Panel to analyze the moribund Authority, suggested that the city’s water get turned over to a non-profit trust that would own the water infrastructure and appoint a Board of Directors to make decisions.
Thursday, November 9, 2017/Author: Stephen Caruso
Categories: Pittsburgh
Allegheny County Democrats pick up a County Council district, but Republicans secure state Supreme Court seat in 2017 election

Allegheny County Democrats pick up a County Council district, but Republicans secure state Supreme Court seat in 2017 election

In an off year election that turned out just under one in four Allegheny County voters Tuesday night, a liberal Democrat picked up a suburban Republican seat on the county council while another Republican council member won re-election on a knife edge margin. 

However, in a statewide race, Republicans secured a temporarily appointed seat on the state Supreme Court for the next ten years.
Wednesday, November 8, 2017/Author: Stephen Caruso
Categories: Pittsburgh
Six days after lunch meeting, City, Penguins announce Civic Arena site deal

Six days after lunch meeting, City, Penguins announce Civic Arena site deal

The City of Pittsburgh and Pittsburgh Penguins have a tentative deal over the development of the team’s former home, albeit 120 hours later than Mayor Bill Peduto’s prediction. 

As part of the deal to hurry along the oft-delayed development of the 28 acre site connecting the Hill District with Downtown, the Penguins will give up an option that awarded the team the difference between the property value and a $15 million payment. 

That payment from the city’s coffers to the Penguins was a sticking point for Peduto, and it’s removal encourages the mayor about future development. 

Monday, November 6, 2017/Author: Stephen Caruso
Categories: Pittsburgh
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