Members received updates from the City on the adopted FY27 Operating and Capital budgets, including changes related to School District funding, the Labor Reserve, Pension Fund contributions, and projected fund balances. The Board discussed reserves, pension funding progress, emergency shelter funding, and the timeline for submission and review of the FY27-31 Five-Year Plan. PICA staff…

The Board approved one-year extensions for PICA’s audit services contract with Maher Duessel and accounting services contract with J. Miller & Associates. Members received updates on PICA’s review of the FY27 Budget and FY27 to FY31 Proposed Five-Year Plan, including department meetings, monitoring of budget hearings, and analysis of fiscal risks related to funding uncertainty,…

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…

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…

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…

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 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….

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…

The Board discussed the City’s unaudited FY24 financial results, which showed a $314 million increase in fund balance due to staffing vacancies and higher interest earnings, along with updated Q1 projections for FY25. PICA staff reported on recent and upcoming publications, professional development efforts, and progress on contracts for grants administration analysis and website redesign….

The Board approved resolutions for a website redesign by Karma Dharma, a grants administration analysis contract with Guidehouse, and a compensation adjustment for the Executive Director, following an executive session. Updates from the City covered labor negotiations, upcoming financial reports, and changes in leadership, while PICA staff shared updates on recent publications, the FY24 audit,…

The Board discussed the City’s newly adopted FY26 budget and upcoming submission of the FY26–30 Five-Year Plan to PICA, including updates on grants, affordable housing tax exemptions, and pending labor agreements. PICA staff shared recent publications, outlined areas of upcoming research, and reported on organizational activities such as community engagement, conference participation, and budget performance….

The Board received updates on the City’s budget process, economic risks related to federal policy, and ongoing Five-Year Plan analysis, including assumptions around vacancies and fund balances. Guidehouse presented recommendations for centralizing grants administration, projecting potential annual returns of $26 million, though Board members expressed concern about feasibility given federal uncertainty. The meeting also covered…