• QCMR Summary FY26 Q4

    Bar chart showing Philadelphia General Fund balance estimates from FY25 actuals through the FY26 Q4 QCMR projection. The FY25 actual fund balance was $1.179 billion, while FY26 projections changed from $638 million in Q1 to $509 million in Q2, $800 million in Q3, and $884 million in Q4, well above the $471 million projected in the FY25 Five-Year Plan.
    Publication Date: September 1, 2026

    Category

    PICA Reports on Philadelphia's Financial Reports
    PICA Staff Report on QCMR

    Author(s)

    Lucie Christian, Marisa Waxman, PICA

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    Summary

    Philadelphia’s FY26 Q4 QCMR projects an $884.4 million year-end General Fund balance, equal to 14.0 percent of revenues, with revenues and obligations both at 99.4 percent of the PICA-approved FY26-30 Five-Year Plan. The improved fund balance reflects the unused $91.0 million Federal Funding Reserve and a stronger starting position from FY25, while the City still projects a $474.5 million operating deficit before prior-year adjustments. General Fund staffing reached 86.7 percent, 66.3 percent of performance measures met year-end targets or were on track, and the Housing Trust Fund, Transportation Fund, and Capital Fund all remained in compliance with positive fund balances.