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PICA Board Unanimously Approves City of Philadelphia’s FY2027-FY2031 Five-Year Financial Plan
The Board of the Pennsylvania Intergovernmental Cooperation Authority (PICA) is pleased to announce the approval of the City of Philadelphia’s Five-Year Financial Plan for Fiscal Years 2027-2031. This roadmap for the next five fiscal years outlines the City’s approach to fiscal stability, including efforts continuing to fully fund the City’s Pension Fund, allocations for the…
PICA Board Approves City of Philadelphia’s Fiscal Year 2026-2030 Financial Plan
Approval affirms continued confidence in the City’s fiscal condition amid notable long-term and emerging risks. The Board of the Pennsylvania Intergovernmental Cooperation Authority (PICA) voted to approve the City of Philadelphia FY26-30 Five-Year Financial Plan at its annual meeting, affirming that the Plan meets the statutory requirements set forth in the PICA Act. The approval…
Marisa Waxman Appointed as Executive Director of Pennsylvania Intergovernmental Cooperation Authority (PICA): Harvey Rice Announces Retirement
Press Release announcing Marisa Waxman has been appointed Executive Director of PICA, effective October 2023.
PICA Board Unanimously Approves City of Philadelphia’s FY2025-FY2029 Five Year Financial Plan
Press Release announcing that PICA Board Unanimously Approves City of Philadelphia’s FY2025-FY2029 Five Year Financial Plan.
FY2023 Fund Balance Projected to Exceed $500 Million
Press release announcing PICA report on the FY23Q1 QCMR. FY2023 Fund Balance Projected to Exceed $500 Million, Obligations Projected to Outpace Revenues.
FY2023 Fund Balance Projected to be $614.9 Million
Press Release announcing PICA report on the FY23Q3 QCMR. FY2023 Fund Balance Projected to be $614.9 Million, Obligations Projected to Outpace Revenues.
Legislation Extending PICA Signed by Governor Wolf
Press Release announcing that Governor Wolf signed legislation to Extend PICA beyond its June 2023 expiration. This renewal of authorization was signed on July 8, 2022
FY2023 Fund Balance Projected to be $660.5 Million
Press release announcing PICA’s report on the FY23Q2 Quarterly City Managers Report. FY2023 Fund Balance Projected to be $660.5 Million Obligations Projected to Outpace Revenues.
PICA Board Unanimously Approves City’s FY2023-FY2027 Five Year Plan
Press Release announcing that thePICA Board Unanimously Approves City’s FY2023-FY2027 Five Year Plan and Kevin Vaughan Re-elected Chair.
City’s FY22 Spending Projected to Outpace Revenues by $358 Million
Press release announcing PICA report on the FY22Q1 QCMR.City’s FY2022 Spending Projected to Outpace Revenues by $358 Million, Year-End Fund Balance Projected at $133.9 Million
Philadelphia Ranks Near Bottom in Reserve Funds, Fund Balance when Compared with Other Cities
Press Release announcing PICA report on Fund Balance and Reserves. Philadelphia Ranks Near Bottom in Reserve Funds, Fund Balance when Compared with Other Cities.
City’s FY2022 Spending Projected to Outpace Revenues by $288 Million
Press Release announcing PICA Report on the FY22Q2 QCMR. City’s FY2022 Spending Projected to Outpace Revenues by $288 Million Year-End Fund Balance Projected at $133.7 Million