Pittsburgh Mayor Corey O’Connor delivered his first annual budget address to the City Council today, amid a serious fiscal crisis and residential protests over proposed spending cuts. The proposed 2027 plan features a $727 million operating budget and a $145 million capital budget that avoids tax increases or layoffs by pulling from the city's rainy-day reserves.
While attempting to balance the immediate deficit, O'Connor warned city workers they must "do more with less". He says his goal is to close a projected $250 million long-term budget gap that could otherwise deplete the city's savings within five years.
