PITTSBURGH, PA — Mayor Corey O'Connor on Monday went before City Council to propose a $727 million city operating budget and a $145 million capital budget for 2027.
The spending plan would tap more than $28 million in city reserves to balance the budget, reduce pension funding by $10 million over the next five years and curb funding for the Housing Opportunity and Stop the Violence funds.
The proposed budget, however, holds the line on taxes for city residents.
"My responsibility and promise to Pittsburgh is to be honest about the difficult financial situation that the city is facing," O'Connor said in his budget and state of the city address.
"These are challenges that will require careful management and a commitment to our taxpayers. We will focus on the things that will move our city forward like delivering core government services and making strategic investments in people and in places to build a brighter, stronger, and more equitable city."
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