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Featured Publications
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 Financial Reports
PICA Staff Report on QCMR
QCMR Report FY25 Q3
May 21, 2025
The Q3 report projects higher revenues and slightly higher spending than earlier estimates, resulting in a General Fund balance of $882 million—13.6% of revenues and well above the City’s internal target. Notable adjustments include increased revenue from Wage and Business Taxes, reduced personnel and debt service costs, and increased spending on 2026 events and wellness…
Debt and Pensions
Fact Sheet
PICA Fact Sheet: Bond Authorizations
May 19, 2025
With legislation related to proposed H.O.M.E. Initiative borrowing set for introduction this week, it’s a good time for a refresher on how bond authorization works in the City of Philadelphia. When the City plans major long-term investments, it must obtain City Council authorization to borrow funds—though authorization does not automatically mean borrowing occurs immediately. Borrowing…
Revenue Analysis & Outlook
White Paper
Revenue Stress in the City of Philadelphia
November 20, 1996
The Revenue Stress in the City of Philadelphia report assesses the pressures on Philadelphia’s revenue base and the structural challenges limiting its financial flexibility. It examines economic trends, demographic shifts, and the reliance on volatile tax sources, emphasizing the need for strategic fiscal planning to mitigate future risks.
PICA Annual Report
Annual Report
PICA Annual Report FY1996
October 15, 1996
The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY96 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.
Policy Analysis & Issue Briefs
White Paper
Continuing Economic Decline: A Foreboding Future for Philadelphia
October 15, 1996
PICA's Continuing Economic Decline: A Foreboding Future for Philadelphia white paper from FY97 examines the city’s ongoing job and population losses, highlighting the risks these trends pose to revenue generation and service delivery. The report underscores the urgency of reversing economic decline to maintain fiscal stability and sustain critical public services.
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 FY97-01 Five-Year Plan
April 30, 1996
PICA's Staff Report on The Five-Year Financial Plan for FY97-01 reviews Philadelphia’s budget framework, identifying revenue challenges, expenditure trends, and financial risks.
Revenue Analysis & Outlook
Issue Paper
Staff Report on State Funding of the Philadelphia Department of Human Services
December 15, 1995
The State of Funding of the Philadelphia Department of Human Services report examines the financial challenges facing Philadelphia’s Department of Human Services (DHS), with a focus on state funding processes. It highlights issues with Pennsylvania’s needs-based budget system, identifying inefficiencies and inequities that result in unpredictable funding levels and increased financial burdens on the City.
PICA Annual Report
Annual Report
PICA Annual Report FY1995
October 17, 1995
The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY95 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 FY96-00 Five-Year Plan
April 17, 1995
PICA's Staff Report on The Five-Year Financial Plan for FY96-00 evaluates Philadelphia’s budgetary outlook, focusing on labor contract negotiations, pension liabilities, and departmental spending controls.
PICA Annual Report
Annual Report
PICA Annual Report FY1994
November 30, 1994
The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY94 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 Governing Documents
PICA Bylaws
Bylaws of the Pennsylvania Intergovernmental Cooperation Authority
July 18, 1994
PICA's Bylaws goverrn how the organization is run and structured. It outlines the members of the Board, how meetins occur, and other aspects of the operations of PICA.
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 FY95-99 Five-Year Plan
May 2, 1994
PICA's Staff Report on The Five-Year Financial Plan for FY95-99 assesses Philadelphia’s financial health, analyzing projected revenue streams, expenditure obligations, and fiscal risks over a five-year period.
PICA Annual Report
Annual Report
PICA Annual Report FY1993
November 1, 1993
The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY93 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 FY94-98 Five-Year Plan
April 14, 1993
PICA's Staff Report on The Five-Year Financial Plan for FY94-98 reviews Philadelphia’s fiscal policies, revenue projections, and budget challenges, focusing on expenditure management and debt obligations.
PICA Annual Report
Annual Report
PICA Annual Report FY1992
October 31, 1992
The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY92 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 FY92-96 Five-Year Plan
June 4, 1992
PICA's Staff Report on The Five-Year Financial Plan for FY92-96 assesses Philadelphia’s revenue streams, expenditure trends, and financial challenges while outlining budget priorities and risk management strategies.
PICA Governing Documents
PICA Act
Pennsylvania Intergovernmental Cooperation Authority Act for Cities of the First Class, as Amended 2022
June 5, 1991
The PICA Act is the Commonwealth of Pennsylvania statute, originally passed in 1991 and most recently amended in 2022, that established PICA. It outlines the reasons why PICA is necessary and the structure and role of the Authority, as well as requirements for the City of Philadelphia.