HARRISBURG, Pa., Oct. 29, 2012 /PRNewswire-USNewswire/ -- Department of Community and Economic Development (DCED) Secretary C. Alan Walker announced that today's public hearing regarding Pittsburgh's Act 47 status has been postponed. The rescheduled date has not yet been determined.
"Because of the danger posed by the pending storm, we are postponing today's Act 47 hearing in Pittsburgh," Walker said. "Governor Corbett has declared a state of emergency and we urge all Pennsylvanians to be prepared and to stay indoors."
DCED scheduled a special meeting to hear testimony presented on behalf of the City of Pittsburgh with respect to the request from the Act 47 coordinator to consider a rescission of the city's Act 47 status. The department will reschedule the public hearing to gather information on the City of Pittsburgh's financial condition and on whether or not the conditions that led to the original distress declaration have been alleviated.
Pittsburgh was designated as a distressed municipality under the guidelines of Act 47 on December 29, 2003.
For more information on the resources available for local governments experiencing financial distress, or additional information on Act 47, visit www.newPA.com or call 1-866-466-3972.
Media contact: Steve Kratz, 717-783-1132
SOURCE Pennsylvania Department of Community & Economic Development