Summary
The Board of the Pennsylvania Intergovernmental Cooperation Authority (PICA) is pleased to announce the approval of the City of Philadelphia’s Five-Year Financial Plan for Fiscal Years 2027-2031. This roadmap for the next five fiscal years outlines the City’s approach to fiscal stability, including efforts continuing to fully fund the City’s Pension Fund, allocations for the Labor Reserve to ensure adequate support for future labor contracts, and deposits into the Budget Stabilization Reserve.