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 FY2027-FY2031 Five-Year Financial Plan
The Board of the Pennsylvania Intergovernmental Cooperation Authority (PICA) is pleased to announce the approval of the City of Philadelphia’s Five-Year Financial Plan for Fiscal Years 2027-2031. This roadmap for the next five fiscal years outlines the City’s approach to fiscal stability, including efforts continuing to fully fund the City’s Pension Fund, allocations for the…
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PICA Board Approves City of Philadelphia’s Fiscal Year 2026-2030 Financial Plan
Approval affirms continued confidence in the City’s fiscal condition amid notable long-term and emerging risks. The Board of the Pennsylvania Intergovernmental Cooperation Authority (PICA) voted to approve the City of Philadelphia FY26-30 Five-Year Financial Plan at its annual meeting, affirming that the Plan meets the statutory requirements set forth in the PICA Act. The approval…
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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.
Press Mentions
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Philadelphia’s five-year plan stays the course on stronger finances
The Bond Buyer The city’s five-year plan includes deposits into its reserve funds that were already at a record high, and keeps it on a trajectory to fully fund its pension obligations
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PICA Board unanimously approves Philadelphia’s FY2027-2031 Five-Year Financial and Strategic Plan
The Pennsylvania Intergovernmental Cooperation Authority (PICA) Board has unanimously approved the City of Philadelphia’s Fiscal Year 2027-2031 Five-Year Financial and Strategic Plan, affirming that the City’s financial roadmap is balanced and based on reasonable revenue and spending projections.
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Mayor Cherelle Parker’s long-term budget plans get go-ahead from state-appointed board
The Pennsylvania Intergovernmental Cooperation Authority unanimously approved the city’s five-year fiscal plan.
Newsletters
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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.
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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.
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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…