Summary
As the City of Philadelphia prepares its FY27–31 Five-Year Financial Plan, PICA outlines five recommendations to strengthen the Plan’s transparency and accuracy and to improve the City’s fiscal condition. These include maintaining reserves and pension funding commitments, scoping initiatives more accurately, ensuring an adequate labor reserve, publishing capital spending data, and making staff vacancy assumptions clear. Together, these changes would improve the usefulness of the Plan as a tool for fiscal decision-making and sustain the momentum of Philadelphia’s improving financial health.