City of Pittsburgh - File #: 2010-1257

• File #: 2010-1257
• Version: 1
• Type: Ordinance
• Status: Veto was Overridden
• File created: 12/30/2010
• In control: City Council
• Final action: 12/31/2010
• Enactment date: 12/31/2010
• Enactment #: 44
• Title: Ordinance amending and supplementing the Pittsburgh Code of Ordinances, Title 2, Fiscal, amending Article XI: Dedicated Funding for the Comprehensive Municipal Pension Trust Fund, to change the amount of funding to be dedicated to the Comprehensive Municipal Pension Trust Fund with the goal of retaining local oversight immediately and into the future
• Sponsors: Darlene M. Harris, Patrick Dowd, Bruce A. Kraus, William Peduto, Natalia Rudiak, Douglas Shields
• Indexes: PGH. CODE ORDINANCES TITLE 02 - FISCAL

Date	Ver.	Action By	Action	Result
12/31/2010	1	Standing Committee
12/31/2010	1	City Council	Passed Finally	Pass
12/31/2010	1	City Council	Overridden	Pass
12/31/2010	1	City Council	Passed Finally
12/31/2010	1	Mayor	Vetoed by the Mayor
12/31/2010	1	City Council	Overridden
12/30/2010	1	City Council	Waived under Rule 8	Pass
12/30/2010	1	City Council	Read and referred

Title
Ordinance amending and supplementing the Pittsburgh Code of Ordinances, Title 2, Fiscal, amending Article XI: Dedicated Funding for the Comprehensive Municipal Pension Trust Fund, to change the amount of funding to be dedicated to the Comprehensive Municipal Pension Trust Fund with the goal of retaining local oversight immediately and into the future

Body
Be it resolved by the Council of the City of Pittsburgh as follows:

Section 1. The Pittsburgh Code of Ordinances, Title 2, Fiscal, is hereby supplemented by amending Article XI: Dedicated Funding for Comprehensive Municipal Pension Trust Fund, as follows:


CHAPTER 272: DEDICATED FUNDING FOR COMPREHENSIVE MUNICIPAL PENSION TRUST FUND

§ 272.01 SOURCES OF FUNDING
The City Council hereby dedicates irrevocably to the Comprehensive Municipal Pension Trust Fund for purposes of Act 44 of 2009 the receipts of revenue from the Parking Tax for the years 2011 through 2041, according to the following schedule of annual payments:

Year Total
2010 $ -
2011 $13,376,000
2012 $13,376,000
2013 $13,376,000
2014 $13,376,000
2015 $13,376,000
2016 $13,376,000
2017 $13,376,000
2018 $13,376,000 $26,752,000
2019 $13,376,000 $26,752,000
2020 $13,376,000 $26,752,000
2021 $13,376,000 $26,752,000
2022 $13,376,000 $26,752,000
2023 $13,376,000 $26,752,000
2024 $13,376,000 $26,752,000
2025 $13,376,000 $26,752,000
2026 $13,376,000 $26,752,000
2027 $13,376,000 $26,752,000
2028 $13,376,000 $26,752,000
2029 $13,376,000 $26,752,000
2030 $13,376,000 $26,752,000
2031 $13,376,000 $26,752,000
2032 $13,376,000 $26,752,000
2033 $13,376,000 $26,752,000
2034 $13,376,000 $26,752,000
2035 $13,376,000 $26,752,000
2036 $13,376,000 $26,752,000
2037 $13,376,000 $26,752,000
2038 $13,376,000 $26,752,000
2039 $13,376,000 $26,752,000
2040 $13,376,000 $26,752,000
2041 $13,376,000 $26,752,000
$403,000,000 735,680,...