Pittsburgh’s 2025 financial report shows a $44 million net loss, marking the first year without federal American Rescue Plan funding for the city’s operating budget. City Controller Rachael Heisler released the 2025 Annual Comprehensive Financial Report, which evaluates how well the city followed its spending plan.The report looked at the concerns about the city’s vehicle fleet, which cost an average of $1 million per month to maintain in 2025, with unanticipated expenses exceeding half of planned maintenance costs. “Our office released our first report highlighting our concerns about the city’s fleet last year. We spent an average one million dollars a month to maintain our fleet in 2025 with unanticipated costs reaching more than half of planned maintenance costs,” Heisler said. The city purchased new vehicles in 2025, which resulted in fewer repairs. The report also provided an overview of the city’s general fund. >> Click here to look at a summary of the Financial Report.Pittsburgh brought in approximately $687 million in 2025, while spending about $732 million, leading to a net loss of more than $44 million. “The reason we are seeing a shocking $44.7 million net loss is because we no longer have Federal American Rescue Plan dollars. In prior years we have cautioned that the American Rescue plan dollars masked the city’s spending problems. The mask is off. We are spending more than we are bringing in,” Heisler said. The city reported increased revenues from earned income tax and deed transfers. Heisler is encouraging more people to move to Pittsburgh and invest in the city. “Pittsburgh is the only national market where it is cheaper to buy than to rent and the more that the city can do to lower barriers for first-time home buyers the better we will do as a city,” Heisler said.

PITTSBURGH —

Pittsburgh’s 2025 financial report shows a $44 million net loss, marking the first year without federal American Rescue Plan funding for the city’s operating budget.

City Controller Rachael Heisler released the 2025 Annual Comprehensive Financial Report, which evaluates how well the city followed its spending plan.

The report looked at the concerns about the city’s vehicle fleet, which cost an average of $1 million per month to maintain in 2025, with unanticipated expenses exceeding half of planned maintenance costs.

“Our office released our first report highlighting our concerns about the city’s fleet last year. We spent an average one million dollars a month to maintain our fleet in 2025 with unanticipated costs reaching more than half of planned maintenance costs,” Heisler said.

The city purchased new vehicles in 2025, which resulted in fewer repairs. The report also provided an overview of the city’s general fund.

>> Click here to look at a summary of the Financial Report.

Pittsburgh brought in approximately $687 million in 2025, while spending about $732 million, leading to a net loss of more than $44 million.

“The reason we are seeing a shocking $44.7 million net loss is because we no longer have Federal American Rescue Plan dollars. In prior years we have cautioned that the American Rescue plan dollars masked the city’s spending problems. The mask is off. We are spending more than we are bringing in,” Heisler said.

The city reported increased revenues from earned income tax and deed transfers. Heisler is encouraging more people to move to Pittsburgh and invest in the city.

“Pittsburgh is the only national market where it is cheaper to buy than to rent and the more that the city can do to lower barriers for first-time home buyers the better we will do as a city,” Heisler said.