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>> ESTATE TAX Latest News

JUN 04, 2014 - Washington Business Journal

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Oversight board urges Pittsburgh slash budget 20 percent

The Intergovernmental Cooperation Authority, one of two state oversight boards for Pittsburgh, wants the city to cut 20 percent from its operating budget. But in a news release Tuesday evening, Mayor Bill Peduto questioned parts of the ICA's proposal. Pittsburgh faces negative revenue projections in the coming years, according to an amended Act 47 report. Noting real estate tax revenues have declined while pension fund obligations continue to increase, ICA board chair Nicholas D. Varischetti called…

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