Mayor, City Council Meet Over Pension Fund

PITTSBURGH (KDKA) – The clock is ticking to avoid a state takeover of Pittsburgh’s pension fund. A solution must be found by the end of the year in order to do so.

City Council called a meeting to discuss a possible resolution with Mayor Luke Ravenstahl Wednesday morning.

Mayor Ravenstahl showed up at City Council as part of a last-ditch effort to come up with a resolution.

The latest proposal is to take the $52 wage tax, that suburbanites and anyone who works in the city pay, and use that to dedicate to the pension fund.

“I have real concerns about what this means to the future of our operating budgets, by removing the LST tax. So, I will not be an active supporter or participate in something that I think doesn’t work and doesn’t solve the problem. But if it’s the will of this Council to pass this, and you think this is the right course for the residents of this city I’m not going to obstruct you. I’m not going to veto this,” Mayor Ravenstahl said.

“The mayor is an obstructionist. The mayor has chartered us on a course to disaster. I’m not even going to presume to guess why, but there it is. And it’s really irrelevant to me as to the whys. The fact of the matter is, it is. And as such, this mayor has set us on a course to the state takeover, which is a doomsday scenario,” City Councilman Doug Shields said.

Many of the City Council members share Shields’ view. They feel it’s not enough for Ravenstahl to say that he’s not going to help.

City Council wants his affirmative help to find a resolution to the problem.

The meeting is still ongoing.

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  • john

    impeach that idiot mayor, it is our only hope. it is the fools of the cityof Pittsburgh that voted him in.

    • gary

      you must be a fool also and if you don’t live in the city you have nothing to say

    • gary

      lets do away with some of the city council that should save some money for the pension fund,

  • T

    Silly 5 year old taking a temper tantrum as usual.

  • bk

    The city is being run badly by all parties and should not be blaming each other. They each put this city in it’s pitfalll and they are the ones that need to fix it. Rasing the parking will not help that is why no one comes into the city to shop to begin with because rates are outrages and that you can park for free in malls in suburbs. Too many cheifs not enough indians as the saying goes.

  • eddiethesnitch

    So now they want to rob Peter to pay Paul by earmarking the $13 million Commuter Tax revenues to this pension fun fiasco. It’s underfunded because they robbed from it for years. The pension is also archaic. It should be a 401(k) like 90% of the rest of the U.S. But I’m guessing the beloved employees’ unions don’t want to hear about fiscal irresponsibility since it affects them. If the General Fund has a $13 million hole in it, do I see YET ANOTHER tax or tax increase coming where council members stand up like meercats trying to locate something else to tax to bail out their ineptitude??
    I beg them to let the State take it over.

  • Jus Sayen

    Heres a thought stop paying the pension! See what the union brotherhood is willing to work for to protect their members. will they cut to save?

  • Level Green

    If Council proposes using the Suburbanite Tax then that money will not be available for the General Operating Budget.

    So what is Council proposing gets cut from the services that the City provides to offset this revenue loss?????

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