Summary
Philadelphia’s FY25 Annual Comprehensive Financial Report received an unmodified audit opinion and shows continued improvement in the City’s financial position. The General Fund balance increased to $1.18 billion in FY25, up 16.3 percent from FY24, while locally generated revenues from taxes and fees grew 7.4 percent. The report provides a comprehensive, audited snapshot of the City’s financial condition, helping policymakers and residents understand the resources available to support City services.