Reserves and Fiscal Stability


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White Paper

The Adverse Consequences of Philadelphia’s Continuing Population Loss

The Adverse Consequences of Philadelphia’s Continuing Population Loss report examines the City’s declining population and the economic and fiscal risks associated with sustained outmigration. It highlights the impact on the tax base, service demand, and long-term financial stability.

White Paper

Philadelphia’s Fiscal Challenge: Finding a Way to Save

The Philadelphia’s Fiscal Challenge: Finding a Way to Save report advocates for the establishment of a rainy day fund to prepare for economic downturns and fiscal uncertainties. It examines financial practices in other cities and argues for proactive measures to strengthen the City’s financial resilience.

Issue Paper

Thirty Years of Financial Oversight 1991 – 2021

The Thirty Years of Financial Oversight report reviews PICA’s role in stabilizing Philadelphia’s finances from 1991 to 2021. The report highlights PICA’s contributions to deficit reduction, budgetary oversight, and fiscal reforms that improved the City’s long-term financial health.

Issue Report

Fund Balance and Reserve Fund Comparison

The Fund Balance and Reserve Fund Comparison report evaluates Philadelphia’s financial reserves, comparing them to other cities and highlighting the City’s relatively low fund balance levels. It assesses the City’s general fund balance and budget stabilization reserve against best practices, emphasizing the risks of insufficient reserves.

Issues Paper

Look Before You Leap? The Fiscal Situation that Awaits the Next Mayor

PICA’s Look Before You Leap? The Fiscal Situation that Awaits the Next Mayor report from FY07 outlines the financial challenges facing Philadelphia’s next mayor, including pension costs, healthcare expenses, and infrastructure needs. It warns of a declining general fund balance and rising long-term financial obligations.

White Paper

Caution: Severe Threats to Philadelphia’s Fund Balance Ahead

The Caution: Severe Threats to Philadelphia’s Fund Balance Ahead report warns of looming financial risks despite the City’s sixth consecutive year of a positive General Fund balance. It highlights key challenges, including welfare reform, international economic instability, and upcoming labor contract negotiations, which could significantly impact the City’s fiscal stability.

Issue Brief

Federal Funds, Fiscal Cliffs, and the Philly Fund Balance

PICA’s Federal Funds and Fiscal Cliffs issue brief examines how Philadelphia has relied on pandemic-related federal relief funds and the challenges it faces in maintaining fiscal stability as these funds expire.

Issue Brief

Tax Reform & Fiscal Stability

PICA’s Tax Reform & Fiscal Stability issue brief explores Philadelphia’s historical tax reforms, their impact on fiscal health, and the potential effects of new proposals being considered by the Tax Reform Commission.