Published in Pittsburgh Quarterly.
“If projections for southwestern Pennsylvania are even close, it could mean that financial instability would leave hundreds of municipalities across Pennsylvania eligible for relief under the state’s distressed municipalities act, making it unlikely the recovery program would be able to handle the onslaught.
The study projects the total revenue losses municipalities incur could range from 4 percent to 16 percent, depending on the severity of the economic downturn. Such losses could total $121 million to more than $484 million across the 10 southwestern Pennsylvania counties, the projections suggest.”