Summary
Approval affirms continued confidence in the City’s fiscal condition amid notable long-term and emerging risks. The Board of the Pennsylvania Intergovernmental Cooperation Authority (PICA) voted to approve the City of Philadelphia FY26-30 Five-Year Financial Plan at its annual meeting, affirming that the Plan meets the statutory requirements set forth in the PICA Act. The approval follows a detailed review by PICA Staff, who conclude that the Plan is based on reasonable assumptions and projects positive fund balances in all five years.