The PICA Board approved the second one-year renewal of J. Miller & Associates, LLC to provide accounting services for the Authority from July 1, 2026 through June 30, 2027. The renewal continues the existing engagement under terms that allow for additional one-year extensions at the Authority’s discretion. The resolution also authorizes the execution of related…

The PICA Board approved the second one-year renewal of Maher Duessel LLP to provide financial auditing services for the Authority for the fiscal year ending June 30, 2027. The renewal continues the engagement under the terms of the original agreement, which allows for additional one-year extensions at the Authority’s discretion. The resolution also authorizes the…

The Board received a briefing from the City on the revised Transportation Network Company Tax proposal, which would increase the fee to $1 per ride to help address the School District’s projected deficit and preserve hundreds of positions. Discussion focused on the reliability of projected revenues, the City’s role in supporting school funding, and the…

At this meeting, the Board will receive updates from the City of Philadelphia, along with reports from the Executive Director and Treasurer. Members will consider two resolutions related to the renewal of audit and accounting services for the Authority. Public comment and new business will follow prior to adjournment.

The Board received a detailed presentation from the City on the proposed FY27–31 Five-Year Plan, highlighting new investments in housing, public safety, workforce development, and infrastructure, along with planned borrowing and new revenue proposals. Members discussed risks related to federal funding, economic conditions, and proposed tax changes, as well as ongoing improvements in staffing levels…

At this meeting, the Board will receive updates from the City of Philadelphia, along with reports from the Executive Director and Treasurer. The agenda does not include any resolutions for consideration. Public comment and new business will follow prior to adjournment.

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…