Summary
PICA adopted Resolution No. 2023-11, approving the retention of Charles Swanson for an independent review of the City of Philadelphia’s revenue assumptions. The engagement follows a proposal submitted on March 4, 2023, and was recommended by PICA staff to ensure the City’s financial projections are reasonable and reliable. Swanson will analyze the revenue estimates in the FY2024-FY2028 Five-Year Financial Plan and provide an evaluation of their accuracy. His work supports PICA’s responsibility to ensure fiscal stability and financial accountability in Philadelphia’s budget planning. The resolution authorizes the execution of the necessary contracts and the expenditure of funds for these services. It takes effect immediately and ratifies prior related actions.