Pennsylvania Intergovernmental Cooperation Authority, Inc.

Newest PICA Publications

• Executive Summary of the FY27-31 PICA Staff Report

  PICA Staff recommends approval of the City of Philadelphia’s FY27-31 Five-Year Plan because it meets the PICA Act’s requirements for positive year-end fund balances, reasonable revenue and spending assumptions, and all required financial plan elements. The Plan includes important positive factors for Philadelphia’s fiscal stability, including continued pension funding, deposits into the Budget Stabilization Reserve,…

  July 28, 2026

  

• Staff Report on the City of Philadelphia’s FY27-31 Five-Year Plan

  Philadelphia’s FY27-31 Five-Year Plan meets PICA Act standards, and continues the commitment to full funding of the Pension Fund and deposits into the Budget Stabilization Reserve and Labor Reserve. The City’s fiscal outlook remains vulnerable to operating deficits, reserve levels below GFOA recommendations, and uncertainty around federal funding, economic conditions, and labor costs. The Staff…

  July 28, 2026

  

• Foundations for the Five-Year Plan: Putting FY27-31 into Context

  Philadelphia’s FY27-31 Five-Year Financial Plan will be shaped by demographic, economic, and fiscal trends that influence the City’s budget outlook. Over the past decade, the City has seen job and population recovery, stronger revenue collections, improved pension funding, upgraded credit ratings, and higher reserves, while persistent challenges remain around household income, poverty, unemployment, and reliance…

  June 25, 2026