Pennsylvania Intergovernmental Cooperation Authority, Inc.

Newest PICA Publications

• QCMR Summary FY26 Q2

  The City projects a FY26 General Fund balance of $509.2 million, or 8.1 percent of revenues, supported by a historically high starting balance even as operating deficits grow due to new reserve set asides and $50.0 million in unanticipated snow response costs. Total revenues are projected to be slightly above the Approved FY26–30 Plan for…

  February 26, 2026

  

• Revenue Fact Sheet: Property-related Taxes

  Philadelphia’s Real Estate Tax and Realty Transfer Tax together generate about one-fifth of General Fund revenues, making them the City’s second largest revenue source. While the Real Estate Tax grows relatively steadily with property values and revaluations, the Realty Transfer Tax is far more volatile, responding sharply to interest rates, transaction volume, and high-value commercial…

  February 18, 2026

  

• 5 Wishes for the FY27-31 5YP

  As the City of Philadelphia prepares its FY27–31 Five-Year Financial Plan, PICA outlines five recommendations to strengthen the Plan’s transparency and accuracy and to improve the City’s fiscal condition. These include maintaining reserves and pension funding commitments, scoping initiatives more accurately, ensuring an adequate labor reserve, publishing capital spending data, and making staff vacancy assumptions…

  January 21, 2026