The PICA Board approved and adopted the Authority’s operating budget for the fiscal year ending June 30, 2027, as required under the PICA Act. The resolution authorizes the Chairperson or Vice Chairperson to submit the approved budget to the Governor and General Assembly of the Commonwealth of Pennsylvania.

The PICA Board approved the retention of Charles Swanson to conduct an independent review of the City’s revenue assumptions and projections in the FY2027–FY2031 Five-Year Financial Plan. The engagement, for a fee not to exceed $9,000, supports PICA’s statutory responsibility to evaluate the reasonableness of the Plan’s underlying assumptions. The resolution authorizes the necessary actions…

The PICA Board approved the second one-year renewal of its engagement with Ballard Spahr LLP to provide General Counsel services, effective February 20, 2026. The renewal is authorized under the terms of the original agreement, which allows for additional one-year extensions at the Authority’s discretion. The resolution also ratifies prior related actions and takes effect…

The PICA Board approved a 3.3 percent increase in compensation for the Executive Director, effective November 1, 2025, in line with cost of living adjustments received by members of PICA’s staff. The resolution also adjusts the Executive Director’s paid leave accrual rate to reflect updated benefits. These changes recognize strong performance over the past year…

The PICA Board approved the use of up to $10 million in surplus PICA bond proceeds to support the Cobbs Creek Wetland Mitigation Project, a public-private initiative led by the Cobbs Creek Foundation. The project will restore three miles of stream and 25 acres of wetlands, improving flood mitigation, water quality, and community access to…

The PICA Board approved its schedule of regular meetings for Fiscal Year 2026 and the Annual Meeting for Fiscal Year 2027, as required under the Pennsylvania Sunshine Act. Meetings will be held monthly at 12:15 p.m. in PICA’s conference room at 1500 Walnut Street, with details also available on the Authority’s website. The resolution ensures…

The PICA Board elected officers for a one-year term at its annual meeting, as required by the PICA Act and the Authority’s bylaws. Kevin Vaughan was elected Chairperson, Alan Kessler as Vice Chairperson, Michael Karp as Secretary/Treasurer, and Rosalind Sutch as Assistant Secretary/Treasurer. The resolution took effect immediately upon its approval.

The PICA Board approved the first one-year renewal of its contract with J. Miller & Associates, LLC to provide accounting services for the period from July 1, 2025 through June 30, 2026. The renewal is based on a prior agreement that allows for up to four one-year extensions at the Authority’s discretion. The resolution authorizes…

The PICA Board approved the first one-year renewal of its contract with Maher Duessel LLP to provide financial auditing services for the fiscal year ending June 30, 2026. This renewal covers services from January 1 to December 31, 2026, and includes an option for further annual renewals at the Authority’s discretion. The resolution authorizes necessary…

The PICA Board unanimously approved the City of Philadelphia’s FY26–30 Five-Year Financial Plan after determining it met all requirements under the PICA Act and the Intergovernmental Cooperation Agreement. The resolution affirms that the Plan includes reasonable assumptions and maintains statutory fiscal standards. The vote passed with the required qualified majority.

The PICA Board unanimously adopted a resolution honoring Deidre Morgenstern for 30 years of exemplary service to the Authority. She has played a vital role in financial operations, including overseeing PICA Tax transfers and supporting audits, while serving under six executive directors and across five mayoral administrations. The resolution highlights her lasting contributions to Philadelphia’s…

PICA’s Board reaffirmed its long-standing recommendation to eliminate Philadelphia’s independently elected row offices of the Sheriff and Register of Wills, citing persistent operational, financial, and accountability failures. The resolution references prior audit findings and media reports documenting systemic issues, including poor fiscal controls, service delays, and alleged politically motivated employment practices. The Board urges City…