Summary
Philadelphia’s submitted FY27-31 Five-Year Plan maintains positive General Fund balances in all five years, meeting the core requirement of the PICA Act, with the lowest projected balance of $59 million in FY29. The Plan includes deposits to the Budget Stabilization Reserve in FY27 and FY28, growing the rainy day fund to $345 million by FY28, although total reserves decline from 9.3 percent of revenues in FY27 to 6.4 percent in FY31. General Fund revenues are projected to grow from $6.58 billion in FY27 to $7.27 billion in FY31, while operating deficits narrow each year before turning into a small surplus in FY31.