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December 1, 2016

RAD Adopts Nearly $100 Million Budget for 2017

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At a public business meeting today of the Allegheny Regional Asset District (RAD), the board of directors approved a nearly $100 million budget for 2017 that will provide funding to sustain and to enhance the operations of 98 regional assets. The $98.4 million final budget is $1.5 million more than the 2016 budget and $1.9 million more than the preliminary budget released on September 29th. See the full release with budget details (in pdf).

“Public investment in our libraries, parks, sports facilities, arts and culture and transit is essential to the well-being of our community,” said Dusty Elias Kirk, RAD Board Chair. “With continued support from the public in partnership with corporations, foundations and private donors, our assets will continue to make our region a thriving place to live, work and play.”

The 2017 budget retains all of the operating and required capital grants (parks) in the preliminary budget. In addition, it includes $3.7 million in capital grants, with nearly $1.8 million of that in discretionary capital grants that will make substantial improvements to asset infrastructure repairs and improvements. Several require matching funds. Projects at the contractual assets include escalator repairs at the Pittsburgh Zoo, glass replacement at Phipps Conservatory, and lighting and exhibit improvements at the National Aviary. Funding for capital projects at the annual assets includes trail development, energy efficiency improvements at the History Center, security enhancements at the Pittsburgh Cultural Trust, and facility improvements at Soldiers and Sailors Memorial Hall.