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Featured Publications
PICA Reports on Philadelphia's Five-Year Plan
Fact Sheet
Adopted FY26-30 Five-Year Plan Fact Sheet
July 1, 2025
Following City Council approval of the FY26 budget and the Mayor signing the budget bills into law, the Parker Administration has updated the Five-Year Financial Plan for Fiscal Years 2026 through 2030 (FY26-30) to reflect amendments to the FY26 budget and updated expectations for expenditures and collections over the life of the Plan. The FY26-30…
Government Operations, Efficiency, & Performance
Issue Brief
Tracking Progress & Building Trust: How Big Cities Share Capital Project Updates
June 26, 2025
Capital projects are major, long-term investments, and large cities are increasingly turning to dashboards and interactive tools to keep residents informed about their progress. This publication compares Philadelphia’s new efforts to share capital spending data with more advanced transparency platforms in New York City, Charlotte, and Boston, highlighting best practices for project tracking and communication….
Debt and Pensions
Issue Paper
Speed of Spend: Philadelphia’s Recent Record for Spending Borrowed Funds for Special Initiatives
June 25, 2025
Philadelphia’s H.O.M.E. Initiative plans to invest $800 million over four years in housing, with $161 million expected to be spent in the first year. This pace is significantly faster than previous initiatives such as Rebuild and the Neighborhood Preservation Initiative. The report outlines how factors like program design, administrative capacity, and stakeholder engagement can shape…
PICA Reports on Philadelphia's Five-Year Plan
Staff Report on the City of Philadelphia's Five-Year Plan
PICA Staff Report on the City of Philadelphia’s FY03-07 Five-Year Plan
June 18, 2002
PICA's Staff Report on The Five-Year Financial Plan for FY03-07 evaluates Philadelphia’s fiscal strategies, with an emphasis on revenue diversification, service efficiency improvements, and capital investment planning.
PICA Capital Financing
Bond Documents
1999 Bond Issuance Documents
May 1, 2002
The document outlines financial agreements related to PICA's 1999 bond issuance, including an interest rate swap transaction with JPMorgan Chase. It details payment schedules, notional amounts, and swap rate structures, along with provisions for termination and settlement.
PICA Annual Report
Annual Report
PICA Annual Report FY2001
October 16, 2001
The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY01 Annual Report provides an overview of the Authority's activities, financial oversight, and analysis of the City of Philadelphia’s fiscal condition over the past year. It includes key findings from PICA’s financial reviews, budget analyses, and policy recommendations aimed at ensuring the City's long-term financial stability as well as the Authority's financial statements and report from its auditors.
PICA Reports on Philadelphia's Five-Year Plan
Staff Report on the City of Philadelphia's Five-Year Plan
PICA Staff Report on the City of Philadelphia’s FY02-06 Five-Year Plan
May 15, 2001
PICA's Staff Report on The Five-Year Financial Plan for FY02-06 outlines Philadelphia’s financial forecast, addressing concerns related to workforce reductions, tax policy changes, and debt restructuring.
Reserves and Fiscal Stability
White Paper
Philadelphia’s Fiscal Challenge: Finding a Way to Save
November 16, 2000
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.
PICA Annual Report
Annual Report
PICA Annual Report FY2000
October 16, 2000
The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY00 Annual Report provides an overview of the Authority's activities, financial oversight, and analysis of the City of Philadelphia’s fiscal condition over the past year. It includes key findings from PICA’s financial reviews, budget analyses, and policy recommendations aimed at ensuring the City's long-term financial stability as well as the Authority's financial statements and report from its auditors.
PICA Reports on Philadelphia's Five-Year Plan
Staff Report on the City of Philadelphia's Five-Year Plan
PICA Staff Report on the City of Philadelphia’s FY01-05 Five-Year Plan
May 16, 2000
PICA's Staff Report on The Five-Year Financial Plan for FY01-05 outlines Philadelphia’s fiscal policies, revenue forecasts, and expenditure plans, addressing structural budgetary challenges.
Government Operations, Efficiency, & Performance
White Paper
Good Policy Demands Better Measurement: Philadelphia’s Economic Development Program
March 27, 2000
Good Policy Demands Better Measurement: Philadelphia's Economic Development Program white paper critiques the City's Economic Stimulus Program, highlighting the absence of clear performance metrics and strategic oversight.
Revenue Analysis & Outlook
White Paper
Philadelphia Must Reduce Its Need for Tax Revenues
January 31, 2000
The Philadelphia Must Reduce Its Need for Tax Revenues report examines the City's continued reliance on tax-supported spending despite economic growth and budget surpluses. It argues that Philadelphia must reduce expenditures funded by tax revenues to sustain long-term financial stability and create capacity for future tax reductions.
Reserves and Fiscal Stability
White Paper
The Adverse Consequences of Philadelphia’s Continuing Population Loss
November 8, 1999
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.
PICA Annual Report
Annual Report
PICA Annual Report FY1999
October 19, 1999
The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY99 Annual Report provides an overview of the Authority's activities, financial oversight, and analysis of the City of Philadelphia’s fiscal condition over the past year. It includes key findings from PICA’s financial reviews, budget analyses, and policy recommendations aimed at ensuring the City's long-term financial stability as well as the Authority's financial statements and report from its auditors.
PICA Reports on Philadelphia's Five-Year Plan
Staff Report on the City of Philadelphia's Five-Year Plan
PICA Staff Report on the City of Philadelphia’s FY00-04 Five-Year Plan
June 15, 1999
PICA's Staff Report on The Five-Year Financial Plan for FY00-04 evaluates Philadelphia’s projected revenues, expenditures, and financial challenges, outlining strategies for maintaining budgetary balance over five years.
Reserves and Fiscal Stability
White Paper
Caution: Severe Threats to Philadelphia’s Fund Balance Ahead
November 19, 1998
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.
PICA Annual Report
Annual Report
PICA Annual Report FY1998
October 20, 1998
The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY98 Annual Report provides an overview of the Authority's activities, financial oversight, and analysis of the City of Philadelphia’s fiscal condition over the past year. It includes key findings from PICA’s financial reviews, budget analyses, and policy recommendations aimed at ensuring the City's long-term financial stability as well as the Authority's financial statements and report from its auditors.
PICA Reports on Philadelphia's Five-Year Plan
Staff Report on the City of Philadelphia's Five-Year Plan
PICA Staff Report on the City of Philadelphia’s FY99-03 Five-Year Plan
June 9, 1998
PICA's Staff Report on The Five-Year Financial Plan for FY99-03 analyzes Philadelphia’s fiscal challenges, expenditure trends, and policy options to promote financial sustainability.
Government Operations, Efficiency, & Performance
White Paper
Court Unification and State-Wide Funding: Future Five-Year Financial Plan Implications for the City of Philadelphia
January 1, 1998
The Court Unification and State-Wide Funding: Future Five-Year Financial Plan Implications for the City of Philadelphia report analyzes the financial impact of shifting local court funding to the state.