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 the funded ratio on track to hit 90 percent by FY30, continued commitment could strengthen credit ratings, reduce costs, and protect long-term fiscal stability.