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Public hearing on Pittsburgh's finances rescheduled for Thursday

| Monday, Nov. 5, 2012, 11:38 a.m.

A public hearing to determine whether Pittsburgh should be partially released from state financial oversight has been rescheduled for Thursday.

The state postponed the hearing last week after the governor declared a state of emergency because of the impending arrival of Hurricane Sandy.

The Act 47 team recommended that the city be released from oversight after nearly nine years because it has slashed its debt and found ways to fund its pension system and long-term costs such as retiree health care.

The hearing starts at 3 p.m. in City Council Chambers at the City-County Building on Grant Street, Downtown. People wanting to comment can register at the hearing. Written testimony also may be submitted.

The Intergovernmental Cooperation Authority, the city's other state financial overseer, will remain in place for the time being to help Pittsburgh keep its costs down and raise its annual revenue.

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