Mentions

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.

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.

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.

PICA’s August 2024 newsletter highlights the release of a new issue brief on the use of tax revenue volatility metrics in financial oversight, recent trends in Philadelphia’s wage and sales tax collections, and lessons from departmental underspending in FY2023. It also includes a reminder about the upcoming PICA Fall Conference and the next Board meeting.

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.

PICA’s July 2024 newsletter highlights the appointment of a new Deputy Director, Philadelphia’s declining overtime use, and key lessons from the City’s FY2023 grants management. It also previews PICA’s Fall 2024 Conference on intergovernmental cooperation and provides a snapshot of local tax collections through May.

Video interview.

Philadelphia Mayor Cherelle L. Parker is getting ready to unveil her first budget proposal, and she may have less cash to work with than anticipated.

While Philadelphia still has enormous fiscal challenges and its socioeconomic issues would require billions more to address, the last eight years have put the city budget in a better position.

The state watchdog that oversees Philadelphia’s finances got a change in leadership last week. The Pennsylvania Intergovernmental Cooperation Authority, or PICA, lost executive director Harvey Rice to retirement.

PICA has been Philly’s fiscal watchdog since it was created as part of a bailout package when the city was on the brink of bankruptcy in the early 1990s.