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Public hearing to address Pittsburgh financial recovery plan

| Wednesday, May 7, 2014, 12:25 a.m.

The city's Act 47 coordinators will host a public hearing next week on an update to Pittsburgh's financial recovery plan.

The meeting will begin at 7 p.m. on Tuesday, May 13 at the William Pitt Union at 3959 Fifth Ave.

Coordinator Jim Roberts of Eckert Seamans, said the Act 47 team will present an overview of what issues the rewrite is addressing. Pension funding and capital upgrades to city infrastructure are among the main priorities, he said.

The Act 47 team has met with city departments and unions while drafting the rewrite. Public input is the next step.

“We open it up to the floor to hear from residents as to what they think is important, or what they'd like to see the focus on,” he said.

Mayor Bill Peduto said this year he aimed to see the updated five-year plan as Pittsburgh's exit from Act 47, the state's oversight program for fiscally distressed municipalities.

City Council will have to approve the amended plan before its implementation. Roberts said the plan is to have it in place by the end of June.

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