LOCAL
Pittsburgh City Council Approves Downtown TRID
Pittsburgh City Council voted 6-3 to approve the proposed Downtown Transit Revitalization Investment District (TRID), creating a financing mechanism intended to support infrastructure improvements and redevelopment in Downtown Pittsburgh.
The TRID will capture future growth in property tax revenues from areas including Downtown, the Strip District, and the North Side to help finance transportation, infrastructure, and redevelopment projects within the district.
Throughout the legislative process, PCRG raised concerns about fiscal accountability, transparency, and ensuring that public investments benefit communities across the city.
The TRID proposal will now move to Allegheny County Council and the Pittsburgh Public School Board for their review.
Read PCRG’s statement on the Downtown TRID legislation and its potential implications for taxpayers, neighborhood investment and long-term economic development.
STATE
Pennsylvania Enacts 2026-27 State Budget
Gov. Josh Shapiro has signed Pennsylvania's 2026-27 state budget, concluding months of negotiations between the administration and the General Assembly.
The $50.8 billion spending plan includes investments in public education and select human service programs, while keeping funding for many other priorities largely level.
PCRG will continue reviewing the budget’s impact on communities across Pennsylvania and advocating for investments that expand housing opportunity, strengthen neighborhoods, and promote equitable economic growth in future state budgets.
Read PCRG's full statement on the final budget and its implications for community development priorities.
FEDERAL
House Advances Reconciliation 3.0 Budget Framework
The U.S. House approved a budget resolution to begin work on a third reconciliation package this Congress.
The framework includes approximately $95 billion for defense spending, agricultural assistance, and incentives for states that adopt voter identification requirements, though specific tax and spending policies have yet to be finalized,
The resolution itself doesn’t change federal law. House and Senate committees must now draft legislation before Congress can consider a final package. The proposal’s future remains uncertain, as Senate leaders haven’t yet committed to advancing the package before the August recess.
Banking Regulators Propose Changes to Community Reinvestment Act Rules
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) have proposed revisions to their regulations implementing the Community Reinvestment Act (CRA).
Among other changes, the proposal would raise the asset thresholds used for CRA examinations, place greater emphasis on lending activity, clarify community development activities eligible for CRA credit, and narrow qualifications for certain grants and donations that currently receive CRA consideration.
The proposal will be open to a 60-day public comment period following publication in the Federal Register.
PCRG is reviewing the proposed changes and plans to submit comments advocating for a strong CRA framework that continues to promote meaningful investment in low- and moderate-income communities while expanding access to credit and supporting community development