Frequently Asked Questions
You can subscribe to PICA’s newsletter, follow its reports on the website, or attend public meetings, which are announced on the “Board Meeting Schedule” page.
While PICA does not have direct enforcement authority, it can reject the City’s Five-Year Plan if it deems the financial projections unrealistic or unsustainable. Without an approved plan, the City may lose access to certain state funding sources.
PICA publishes reports, including Five-Year Plan analyses, quarterly financial reports, and special studies, on its website. You can access them under the “Publications” section.
PICA requires the City to submit an annual Five-Year Financial Plan for approval. It also monitors the City’s budget and spending through quarterly reports, conducts financial analyses, and can recommend corrective actions if fiscal stability is at risk.
PICA is an independent oversight agency created by the Commonwealth of Pennsylvania to monitor the fiscal stability of the City of Philadelphia. It reviews and approves the City’s Five-Year Financial Plan and provides analysis and recommendations to improve financial management.