Philadelphia’s recent fiscal performance and FY27-31 projections show a transition from strong reserve buildups from FY21-25 to a Five-Year Plan shaped by planned investments, operating deficits, and lower reserve levels. Pension funding and General Fund revenues are projected to improve over the Plan period, while long-term obligations are expected to peak in FY29 before returning…

PICA Staff recommends approval of the City of Philadelphia’s FY27-31 Five-Year Plan because it meets the PICA Act’s requirements for positive year-end fund balances, reasonable revenue and spending assumptions, and all required financial plan elements. The Plan includes important positive factors for Philadelphia’s fiscal stability, including continued pension funding, deposits into the Budget Stabilization Reserve,…

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,…

Philadelphia’s FY27-31 Five-Year Financial Plan will be shaped by demographic, economic, and fiscal trends that influence the City’s budget outlook. Over the past decade, the City has seen job and population recovery, stronger revenue collections, improved pension funding, upgraded credit ratings, and higher reserves, while persistent challenges remain around household income, poverty, unemployment, and reliance…

Philadelphia’s proposed FY27–31 Five-Year Plan maintains positive fund balances in each year, but projects operating deficits in four of five years and a steady decline in reserves over time. Revenues are expected to grow by 10.3 percent over the Plan period, driven primarily by local taxes, while spending growth is more modest but still exceeds…

Following City Council approval of the FY26 budget and the Mayor signing the budget bills into law, the Parker Administration has updated the Five-Year Financial Plan for Fiscal Years 2026 through 2030 (FY26-30) to reflect amendments to the FY26 budget and updated expectations for expenditures and collections over the life of the Plan. The FY26-30…

The City projects declining fund balances and annual operating deficits through FY29, before returning to surplus in FY30, with reserves falling below recommended thresholds in most years. Revenue is expected to grow by 9.6% over the Plan period, while spending will rise just 1.9%, driven largely by wage and benefit costs. The Plan includes $337…

PICA’s Fact Sheet on the City of Philadelphia’s Proposed Five-Year Financial Plan (FY25-29) provides a forward-looking assessment of the City of Philadelphia’s expected revenues, expenditures, and financial strategy. The plan projects a decline in the General Fund balance from $486 million in FY25 to $14 million in FY29, with operating deficits in all years and a total of $10 billion committed to capital projects.

PICA’s Fact Sheet on the City of Philadelphia’s Submitted Five-Year Financial Plan (FY25-29) reflects updates made following budget negotiations, incorporating revised revenue and expenditure estimates. The plan projects a General Fund balance decline from $569 million in FY25 to $66 million in FY29, includes operating deficits in all years, and commits over $10 billion to capital projects.

El informe del personal de PICA recomienda la aprobación del Plan Quinquenal de los Años Fiscales 2025-2029 de la Ciudad de Filadelfia, ya que cumple con los criterios de la Ley de PICA. Destaca saldos de fondos positivos, una calificación crediticia mejorada, contribuciones al Fondo de Estabilización Presupuestaria y el progreso hacia la plena financiación del sistema de pensiones​Resumen-Ejecutivo-PICA-….