PICA News Room
This page contains links to PICA’s mentions in news publications + press releases that accompany some of our reports.
Press Releases
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PICA Board Unanimously Approves City of Philadelphia’s FY2025-FY2029 Five Year Financial Plan
Press Release announcing that PICA Board Unanimously Approves City of Philadelphia’s FY2025-FY2029 Five Year Financial Plan.
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Marisa Waxman Appointed as Executive Director of Pennsylvania Intergovernmental Cooperation Authority (PICA): Harvey Rice Announces Retirement
Press Release announcing Marisa Waxman has been appointed Executive Director of PICA, effective October 2023.
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FY2023 Fund Balance Projected to be $614.9 Million
Press Release announcing PICA report on the FY23Q3 QCMR. FY2023 Fund Balance Projected to be $614.9 Million, Obligations Projected to Outpace Revenues.
Press Mentions
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Mayor Cherelle Parker’s long-term budget plans get green light, despite fears over federal funding cuts
The vote by the Pennsylvania Intergovernmental Cooperation Authority is the final step in the city’s annual budgeting process.
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Philly spent $4 million more on overtime pay in 2023 than the year before — but remained under budget
Philadelphia spent another record amount of money on overtime pay in the fiscal year that ended in July, but for the first time in years, it stayed below what it budgeted.
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State board members worry Philadelphia doesn’t have a big enough cushion for emergencies
Members of the state board that oversees Philadelphia’s fiscal health said Thursday that they’re concerned the city doesn’t have a large enough financial cushion.
Newsletters
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October 2025
PICA’s October 2025 newsletter highlights takeaways from the 2025 Fall Forum on regional cooperation and inclusive growth, insights from Philadelphia’s FY2025 Annual Comprehensive Financial Report. It also includes tax revenue updates through August and announces the next Board meeting on November 18.
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September 2025
PICA’s September 2025 newsletter highlights the release of PICA’s FY25 Q4 Overtime Update, an overview of Philadelphia’s current credit ratings from all three major rating agencies, and a preview of the upcoming 2025 Fall Forum on intergovernmental cooperation and economic development.
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August 2025
PICA’s August 2025 Newsletter highlights reporting from the City’s FY25 Q4 Quarterly City Managers Report (QCMR), noting a projected $915M General Fund balance, $346M higher than anticipated by the FY25-29 Five-Year Plan. PICA also released 100 Percent Committed, a new publication highlighting why Philadelphia should stay the course on fully funding its pension obligations; with…