Pittsburgh City Council President Darlene Harris Tuesday introduced a resolution that would direct additional parking-fee revenue into the city’s pension fund to help boost its funding level and ward off a potential state takeover.
The bill would allocate revenue from parking-meter increases approved last month and fee hikes for parking violations to Pittsburgh’s retirement fund until Jan. 1, 2041. The violation fee increases are already in place. The meter increases will take effect in March. The City Council approved the meter-fee increases on Oct. 26.