The Board approved three resolutions, including renewals for General Counsel and revenue analysis services, as well as adoption of PICA’s FY27 operating budget. Members received updates from the City on staffing progress, federal funding risks, and the upcoming release of the FY26 Q2 Quarterly City Managers Report, alongside discussion of winter storm costs and revenue…

At this meeting, the Board will receive updates from the City of Philadelphia on its proposed FY27 Budget and FY27-31 Five-Year Plan, along with reports from the Executive Director and Treasurer. The agenda does not include any resolutions for consideration at this meeting. Public comment and new business will follow prior to adjournment.

The Board received updates on the City’s FY25 Annual Financial Report, which showed a record $1.19 billion General Fund balance driven by higher-than-expected BIRT and Realty Transfer Tax revenues and underspending from staffing vacancies. Members also heard about the passage of the state budget, staffing gains across City departments, and plans to establish a Federal…

The PICA Board approved and adopted the Authority’s operating budget for the fiscal year ending June 30, 2027, as required under the PICA Act. The resolution authorizes the Chairperson or Vice Chairperson to submit the approved budget to the Governor and General Assembly of the Commonwealth of Pennsylvania.

The PICA Board approved the retention of Charles Swanson to conduct an independent review of the City’s revenue assumptions and projections in the FY2027–FY2031 Five-Year Financial Plan. The engagement, for a fee not to exceed $9,000, supports PICA’s statutory responsibility to evaluate the reasonableness of the Plan’s underlying assumptions. The resolution authorizes the necessary actions…

The PICA Board approved the second one-year renewal of its engagement with Ballard Spahr LLP to provide General Counsel services, effective February 20, 2026. The renewal is authorized under the terms of the original agreement, which allows for additional one-year extensions at the Authority’s discretion. The resolution also ratifies prior related actions and takes effect…

At this meeting, the Board will receive updates from the City, along with reports from the Executive Director and Treasurer. Members will consider three resolutions, including approval of General Counsel, renewal of revenue analysis services, and adoption of PICA’s FY27 Budget.

The Board heard updates on staffing, labor negotiations, and the City’s FY25 fund balance, and approved the use of surplus bond proceeds for the Cobbs Creek Wetland Mitigation Project. PICA staff reported on recent publications, ongoing intergovernmental coordination, and the upcoming Fall Forum, while independent auditors presented a clean opinion on PICA’s FY25 financial statements….

At this meeting, the Board will receive updates from the City regarding its Annual Financial Report for FY25 and Quarterly City Managers Report for the first quarter of FY26, along with reports from the Executive Director and Treasurer. Members will review the minutes from the October 21, 2025 meeting. Public comment and new business will…

The PICA Board approved a 3.3 percent increase in compensation for the Executive Director, effective November 1, 2025, in line with cost of living adjustments received by members of PICA’s staff. The resolution also adjusts the Executive Director’s paid leave accrual rate to reflect updated benefits. These changes recognize strong performance over the past year…

The PICA Board approved the use of up to $10 million in surplus PICA bond proceeds to support the Cobbs Creek Wetland Mitigation Project, a public-private initiative led by the Cobbs Creek Foundation. The project will restore three miles of stream and 25 acres of wetlands, improving flood mitigation, water quality, and community access to…

The Board approved the City’s FY26–30 Five-Year Plan after staff confirmed it met PICA Act requirements, with members highlighting labor reserves, staffing assumptions, and funding for schools and SEPTA. The Board also approved resolutions renewing audit and accounting services, re-electing current Board officers, and adopting the FY26 meeting schedule. Staff reported on the release of…