This story says five overdose deaths in the past two weeks. As for the $1.75M, it had already been announced and in the media some weeks back. I think this presser was for the Assemblywoman to get some credit.
From reading this, it appears Pivot is not an acronym. I will say this is one of those pathologies that's a big deal if you live, work and socialize in those circle, but you'd never know about it if you don't.
Watertown Daily Times | Pivot announces $1.75 million from Albany to create addiction recovery center in Watertown