Budget Surpluses and Capital Investments in Pittsburgh

A transportation agency with a budget surplus and money to spare on capital investments isn't something that happens every day, especially not in cities considered part of the "Rust Belt."

1 minute read

May 19, 2017, 1:00 PM PDT

By James Brasuell @CasualBrasuell

Robert Pernell / Shutterstock

"The Port Authority [of Allegheny County] expects to use $4.4 million in surplus funds to balance its proposed budget of $419.7 million for 2017-18," reports Ed Blazina.

"Pete Schenk, the agency's chief financial officer, told a board committee Thursday morning the agency expects to end the current fiscal year June 30 with a surplus of about $11 million," adds Blazina.

With the surplus in hand, the Port Authority is proposing an expanded budget for the 2017-18 fiscal year, with $133.4 million intended for capital investments like "buying 70 new 40-foot diesel buses, expanding a multi-modal station in McKeesport and contributing $2 million to the Pennsylvania Department of Transportation's plan to replace the Kenmawr Avenue Bridge in Rankin so it could accommodate a possible extension of the Martin Luther King Jr. East Busway."

FULL STORY: Port Authority will use part of $11M surplus to balance proposed budget

Friday, May 19, 2017 in Pittsburgh Post-Gazette

Infrastructure Transportation Pennsylvania Pittsburgh Allegheny County Port Authority of Allegheny County Budget Surplus Transportation Spending Capital Investment View More

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