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business13h ago
Controller: Pittsburgh’s real estate levies stable, but future grim without reassessment
- City real estate tax revenue in 2025 was about $148 million, $3 million below 2024 but $4 million over budget.
- A millage rate change helped boost real estate revenue this year, according to City Controller Rachael Heisler.
- Officials expect real estate tax stabilization to wait for a countywide reassessment and potential court actions.
- The Pittsburgh Public Schools’ lawsuit over reassessment adds uncertainty for property values and revenue.
- Earned income tax and deed transfer tax revenues rose in 2025, supporting overall fiscal health.
- ARPA funding declines contributed to the city’s spending challenges in recent years.
- City expenditures rose less than 2%, influenced by payroll costs and morale in public safety.
- The city spent over $1 million monthly on maintaining its fleet in 2025.
- Nuggets from 2025 financials highlight gains in local tax streams and shifts in property tax burden.
- Analysts warn against relying on ARPA-era funding to mask long-term spending issues.
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