Mentions

PICA’s FY26 budget totals $1.69 million in expenditures, funded primarily by a surplus from the operating account, with a modest transfer from the PICA Tax and projected interest earnings. Expenditures are down 4% from FY25, largely due to the completion of one-time initiatives, and the budget introduces a 17% fund balance consistent with best practices.

PICA’s December 2024 newsletter highlights the City’s continued underspending in FY2024, updated revenue figures through October, and an overview of recent hiring trends. It also includes a year-end message from the Executive Director and a reminder about the next Board meeting on January 28.

PICA’s November 2024 newsletter highlights the City’s improving tax collections, a drop in FY2024 overtime spending, and takeaways from PICA’s recent report on grants administration. It also recaps the November Board meeting and previews upcoming publications and events.

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.

PICA’s FY25 adopted budget totals $1.78 million in both revenues and expenditures, fully supported by existing operating account surplus from prior-year underspending. The budget funds five staff positions and core oversight activities, with investments in professional services, technology, and potential moving and capital costs if a new lease is approved. Operating without any outstanding debt,…