Summary
The FY25 Transportation Fund Fact Sheet outlines the creation and purpose of Philadelphia’s Transportation Fund, established in FY24 to consolidate transportation-related revenue sources, such as Parking and Valet Taxes, into a dedicated fund. Previously, these revenues were part of the General Fund, but their reallocation aims to reduce budgetary strain and create a stable funding stream for transportation needs. The Transportation Fund supports expenditures such as street paving, ADA curb ramps, and other transportation improvements. The fund collected $116.7 million in revenue in its first year, with 90% coming from Parking and Valet Taxes, and the rest from locally generated non-tax revenue and grants. Moving forward, the City will include the Transportation Fund in its Quarterly City Managers Report and Five-Year Financial Plan, increasing transparency and oversight. The FY25-29 Five-Year Plan projects steady revenue growth, with a fund balance expected to reach 22.4% of revenues by FY29. Future adjustments may include shifting additional transportation-related costs from the General Fund to the Transportation Fund to align with other dedicated funding structures.