Pittsburgh's Port Authority sees surplus due to drop in fuel costs
The authority, which has an annual budget of about $412 million, spent roughly $5.9 million less on fuel in 2016, compared with 2015.
Port Authority of Allegheny County
Port Authority of Allegheny County
PITTSBURGH — After financial stress caused the Port Authority of Allegheny County to lay off 180 employees and cut services by nearly 15 percent just 10 years ago, the agency in fiscal years 2015 and 2016 operated with annual surpluses of between $14 million and $16 million, reported Trib Live.
The strong financial position stems at least in part from diesel fuel savings, according to the report. The authority, which has an annual budget of about $412 million, spent roughly $5.9 million less on fuel in 2016, compared with 2015.
The authority, which uses roughly 590,000 gallons of fuel each month, currently pays about $2.14 per gallon. Two years ago, the per-gallon price was double that amount, Trib Live reported.
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