US Steel keeping its headquarters in Pittsburgh — for a price

By   /  November 28, 2014  /  News, Pennsylvania  /  No Comments

Image courtesy of US Steel and the Pittsburgh Penguins.

Pittsburgh icon U.S. Steel announced on Monday that it will be building its new headquarters in Pittsburgh, at the site of the former Civic Arena, which is currently a sprawling parking lot.

But the deal didn’t spring from any mere loyalty. A currently fuzzy picture of financial incentives helped to sweeten the deal.
Pittsburgh icon U.S. Steel announced on Monday that it will be building its new headquarters in Pittsburgh, at the site of the former Civic Arena, which is currently a sprawling parking lot.
But the deal didn’t spring from any mere loyalty. A currently fuzzy picture of financial incentives helped to sweeten the deal.

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New PA bosses look a lot like the old PA bosses

By   /  November 26, 2014  /  Issues, News, Pennsylvania, State Budgets, State Government  /  No Comments

LOWERING THE CEILING: State lawmakers approved a bill to drop the state's RACP debt ceiling to $3.45 billion from $4.05 billion.

Gov. Tom Corbett and state Sen. Dominic Pileggi were given the boot earlier this month, reshuffling political power heading into 2015.

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PA Senate leader: Complicated bills unlikely to reach Corbett before term ends

By   /  November 25, 2014  /  News, Pennsylvania  /  No Comments

Photo courtesy of Ballotpedia

Republicans have controlled the governor’s office, state House and state Senate the last four years, but couldn’t push liquor privatization past the finish line or muscle through public pension reform before the November election essentially halted legislative activity.

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Audit coming as Pittsburgh’s pension liabilities surge

By   /  November 24, 2014  /  News, Pennsylvania, Pensions  /  No Comments

Shutterstock photo

The Steel City will be undergoing scrutiny in the next few months, as the state auditor general takes a close at the city’s public pension plans. This comes after a report this summer shows a slide in the progress the city had made earlier. The city’s unfunded pension liabilities have now reached $484 million, and the plans are only 58 percent funded.

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Governor-elect’s proposal for sick days upsets some businesses

By   /  November 24, 2014  /  News, Pennsylvania  /  No Comments

Shutterstock Image

Gov.-elect Tom Wolf won’t take office for another two months, but one part of his Fresh Start policy plan already has business types feeling queasy.

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Pension funds spend millions on investment fees, but PA taxpayers in the dark

By   /  November 21, 2014  /  Budget and Spending, News, Pennsylvania, Pensions, State Budgets, State Government  /  No Comments

pension jar

Taxpayers are largely in the dark when it comes to Pennsylvania’s pension funds’ riskiest investments.

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