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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.

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.

July 2025

PICA’s July 2025 newsletter highlights the Board’s approval of the City of Philadelphia’s FY2026–2030 Five-Year Financial Plan, insights from PICA’s accompanying Staff Report, and the re-election of PICA Board officers for FY2026.

June 2025

PICA’s June 2025 newsletter highlights a new analysis of Philadelphia’s recent track record on special initiative spending, including challenges with project delivery and underspending. It also previews the upcoming FY26–30 Five-Year Financial Plan Staff Report, shares updates on tax revenues YTD, and announces the Annual Meeting of the Board on July 28th at 11am.

May 2025

PICA’s May 2025 newsletter highlights FY25 Q3 updates on tax revenues and overtime spending, and highlighting a new publication explaining how the City of Philadelphia authorizes borrowing through bond ordinances. It also announces the next Board meeting on June 17.

April 2025

PICA’s April 2025 newsletter highlights the publication “When Is a Budget Cut Not a Budget Cut?”, explaining that not all reductions indicate real service cuts. It also highlights PICA’s oversight role in blog pieces about the PICA Act, and the ICA. Finally, in includes the launch of PICA’s redesigned website.

January 2025

PICA’s January 2025 newsletter highlights the reappointment of all Board members and Executive Director Marisa Waxman, insights into Philadelphia’s budget classifications, and the role of tax-exempt bonds in infrastructure financing. It also includes an update on FY2025 tax revenues and announces the upcoming Board meeting on February 25.

December 2024

PICA’s December 2024 newsletter highlights the City’s continued underspending in FY2024, updated revenue figures through October, and an overview of recent hiring trends. It also includes a year-end message from the Executive Director and a reminder about the next Board meeting on January 28.

November 2024

PICA’s November 2024 newsletter highlights the City’s improving tax collections, a drop in FY2024 overtime spending, and takeaways from PICA’s recent report on grants administration. It also recaps the November Board meeting and previews upcoming publications and events.

October 2024

PICA’s October 2024 newsletter highlights the Fall Conference on intergovernmental cooperation, findings from PICA’s new report on grants administration, and a deeper look at FY2024 overtime spending. It also provides updates on local tax revenues through August and announces the next Board meeting on November 19.

September 2024

PICA’s September 2024 newsletter highlights the City’s slow hiring pace and its impact on departmental spending, a look at FY2024 revenue performance through July, and the upcoming release of PICA’s grants administration report. It also features details about the October 10 Fall Conference and recaps the September Board meeting.

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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