Tuesday, September 30, 2008

Onorato: Financial Crisis Not An Immediate Concern

Allegheny County's investments are safe for now, according to Chief Executive Dan Onorato. He says the financial crisis is not causing any immediate problems for the county's pension fund. But he says he hopes the downturn won't last long. Onorato says the county borrows money about every two years for capital projects, and the financial crisis could impact that borrowing in the future. Onorato says the county is monitoring the situation daily.

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