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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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.
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PICA Executive Director Marisa Waxman Shares Thoughts on Philadelphia’s Proposed Budget
Video interview.
Newsletters
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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.
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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.
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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.