By: KDKA-TV News Staff
PITTSBURGH (KDKA) — Pittsburgh faced a challenging pandemic year in 2020, but it weathered the storm a little better than other cities.READ MORE: Port Authority Operating Two-Car Trains For Steelers Ravens Game
That is according to City Controller Michael Lamb who released the annual report of Pittsburgh’s finances.
Revenue from parking and amusement taxes took significant hits, but increases in real estate and deed transfer taxes helped dull the pain.
Lamb also called out large, tax-exempt non-profits.READ MORE: Judge Won’t Dismiss 25 Murder Counts Against Ohio Doctor
“I think it’s particularly unfair to the city taxpayers who continue to bear the burden of this government,” Lamb said. “We continue to not receive any real dollars to the city budget from our large nonprofits, our largest employers.”
The city closed the year 2020 with a $50.4 million general fund deficit.
The rainy day fund was depleted, going from $133 million to $85 million.MORE NEWS: Wife Of Greene County DA Granted A Protection From Abuse Order
Lamb says incoming federal COVID relief funds will help finances.