News Articles and Press Releases


City’s Revenue and Spending Increase in First Quarter of FY2018

Press Release announcing PICA Report on the FY18Q1 Quarterly City Managers Report. City’s Revenue and Spending Increase in First Quarter of FY2018.

PICA Board Approves City’s Revised FY2018-FY2022 Five Year Plan

Press Release announcing that the PICA Board Approves City’s Revised FY2018-FY2022 Five Year Plan and that Board Voices Concerns Over Arbitration Award Costs.

City Spends $93 Million on Overtime through Second Quarter

Press Release announcing FY18Q2 report on overtime spending.

DROP Costs Pension Fund $62 Million Since 2010

Press Release announcing PICA Report on DROP Pension Costs.

City’s FY2018 Revenue Collections Increase by $127 Million Through Second Quarter

This press release announcies PICA’s analysis of the FY18Q2 Quarterly City Manager’s Report. It found that the City’s FY2018 Revenue Collections Increase by $127 Million Through Second Quarter

City Ends FY2018 with $228.5 Million Fund Balance

This press release announcies PICA’s analysis of the FY18Q4 Quarterly City Manager’s Report. It found that the City Ends FY2018 with $228.5 Million Fund Balance, Spending Increased by $318 Million Over Last Year.

City of Philadelphia’s Projected Fund Balance for FY17 $55.5 Million Higher Than Forecasted

Press Release announcing PICA report on the FY17Q1 QCMR. City of Philadelphia’s Projected Fund Balance for FY17 $55.5 Million Higher Than Forecasted.

PICA Board Approves City of Philadelphia’s FY17-21 Five-Year Plan

Press Release announcing that the PICA Board Approves City of Philadelphia’s FY17 to FY21 Five-Year Plan and Kevin Vaughan Elected PICA Chair.

City Overtime Costs Continue to Rise

Press Release announcing PICA report on FY17Q2 overtime spending. City Overtime Costs Continue to Rise, Departments Identified for Overtime Reduction Struggle to Keep Costs Down

City Spends 90 Percent of Overtime Budget

Press Release announcing PICA report on FY17Q3 overtime spending. City Spends 90 Percent of Overtime Budget Overtime Costs Total $116.5 Million Through Third Quarter.

FY2017 Obligations Projected to Outpace Revenues by $65 Million

Press Release announcing PICA report on the FY17Q3 QCMR. FY2017 Obligations Projected to Outpace Revenues by $65 Million.

City of Philadelphia’s Estimated Fund Balance for FY2017 $48.3 Million Higher Than Projected

Press Release announcing PICA report on the FY17Q4 QCMR. City of Philadelphia’s Estimated Fund Balance for FY2017 $48.3 Million Higher Than Projected

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