Summary
PICA’s Staff Report on The Five-Year Financial Plan for FY00-04 presents a comprehensive assessment of Philadelphia’s anticipated financial landscape, forecasting revenues, obligations, and economic risks. The plan addresses fiscal constraints, workforce management, and expenditure trends while proposing policy adjustments to stabilize municipal finances. Key challenges include pension liabilities, wage and business tax structures, and infrastructure investment needs. The document emphasizes strategic fiscal management, encouraging efficiency improvements and proactive cost containment.