| abstract | - Lance: To Margaret Lanier. Pittsburgh's new treasurer says a $90 million 2007 surplus shows the city is ready to emerge from state receivership. Sorry, but no. Pittsburgh continues to have grave structural financial problems, from its massive debt to its tanking pension funds, whose unfunded liabilities top $1 billion. Taxes remain too high and spending continues to be out of whack. And the Twanda Carlisle kickback scheme has left City Council smeared with the taint of corruption. Until Pittsburgh has a plan to address its failings, it should remain under state oversight.
|
