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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.
March 2025
PICA’s March 2025 newsletter highlights the City’s proposed FY26–30 Five-Year Plan, projecting declining fund balances and operating deficits. It also notes continued staffing shortages and recommends that the City consolidate the Sheriff and Register of Wills offices.
February 2025
PICA’s February 2025 newsletter highlights a higher-than-planned FY25 fund balance and rising overtime costs, and Executive Director Marisa Waxman’s City Council testimony on improved pension funding and ongoing fiscal risks. Also including, takeaways from PICA’s annual economist forum, and the Board approved PICA’s FY26 Budget, including a year-end fund balance for the first time.
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.