By my reading of the calendar, there should have been a meeting of the City of Pittsburgh Pension Board yesterday where those hordes in attendance would have learned the most recently quarterly numbers on the state of the city's pension fund. Might be a little bit of interest to all those looking at the parking lease since the state of the pension fund will determine how much the parking asset monetization needs to raise to get the system to a notional 50% funded and thus abate the dreaded state takeover. Basically, the less money in the pension fund, all that much more is needed
to make the parking monetization worthwhile.
So I either have the date wrong and the meeting didn't happen when I thought it did or nobody bothered to notice. I dunno. Anyone know the answer?