Summary
PICA has adopted Resolution No. 2024-09, approving the retention of Charles Swanson to conduct a professional review and analysis of the revenue assumptions and projections in the City of Philadelphia’s FY2025-FY2029 Five-Year Financial Plan. As mandated by the Pennsylvania Intergovernmental Cooperation Authority Act, PICA must evaluate the City’s financial plan to determine the reasonableness of its assumptions. Swanson’s engagement, recommended by PICA staff, is outlined in a proposal dated February 25, 2024, and will be compensated with a fee not exceeding $9,000.
The resolution authorizes PICA’s officers to execute any necessary documents to formalize the agreement and confirms that prior related actions taken by the Authority are ratified. The resolution passed with a qualified majority vote, with members Burns, Kessler, Sutch, and Vaughan voting in favor.