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Fontana Lauds Pittsburgh’s Departure from Financial Distressed Status
On February 12, 2018
PITTSBURGH, February 12, 2018 – Sen. Wayne D. Fontana today made the following comment about Gov. Tom Wolf’s decision to remove Pittsburgh from state financial recovery oversight (Act 47):
“I have supported Pittsburgh’s removal from Act 47 oversight for quite some time, so today is a great day. The governor’s announcement verifies what we already knew – the Act 47 process has run its course.
“The mayor, his administration and city council have worked tirelessly to put Pittsburgh on stable financial ground and I am confident that the city’s economic success and sound administrative guidance will continue.
“Pittsburgh has implemented numerous best practices and financial safeguards and I commend everyone for their hard work, diligence and determination to overcome the financial challenges that triggered the distressed city designation in the first place.
“Pittsburgh’s future has never been brighter. Our diversified economy is flourishing, our economic growth has surpassed expectations, our jobs numbers are promising and we are seeing astounding growth and reinvestment throughout the city.
“Our emergence from Act 47 oversight is proof positive that Pittsburgh is once again on the rise.”
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