Financial Oversight for the City of Philadelphia


PICA provides independent oversight of Philadelphia’s finances to promote long-term fiscal stability and accountability. Explore our publications to access reports, analyses, and financial reviews that inform policy and guide decision-making.

Newest PICA Publications

  • Adopted FY26-30 Five-Year Plan Fact Sheet

    Following City Council approval of the FY26 budget and the Mayor signing the budget bills into law, the Parker Administration has updated the Five-Year Financial Plan for Fiscal Years 2026 through 2030 (FY26-30) to reflect amendments to the FY26 budget and updated expectations for expenditures and collections over the life of the Plan. The FY26-30…

    July 1, 2025

  • Tracking Progress & Building Trust: How Big Cities Share Capital Project Updates

    Capital projects are major, long-term investments, and large cities are increasingly turning to dashboards and interactive tools to keep residents informed about their progress. This publication compares Philadelphia’s new efforts to share capital spending data with more advanced transparency platforms in New York City, Charlotte, and Boston, highlighting best practices for project tracking and communication….

    June 26, 2025

  • Speed of Spend: Philadelphia’s Recent Record for Spending Borrowed Funds for Special Initiatives

    Philadelphia’s H.O.M.E. Initiative plans to invest $800 million over four years in housing, with $161 million expected to be spent in the first year. This pace is significantly faster than previous initiatives such as Rebuild and the Neighborhood Preservation Initiative. The report outlines how factors like program design, administrative capacity, and stakeholder engagement can shape…

    June 25, 2025

The mission of the Authority, as stated in its enabling legislation, is as follows:

Policy. It is hereby declared to be a public policy of the Commonwealth to exercise its retained sovereign powers with regard to taxation, debt issuance and matters of Statewide concern in a manner calculat­ed to foster the fiscal integrity of cities of the first class to assure that these cities provide for the health, safety and welfare of their citizens; pay principal and interest owed on their debt obligations when due; meet financial obligations to their employees, vendors and suppliers; and provide for proper financial planning procedures and budgeting practices.

Michael A. Karp

Secretary / Treasurer

Rosalind W. Sutch

Assistant Secretary / Treasurer

Patrick Burns

Board Member