Publications

PICA's Staff Report on The Five-Year Financial Plan for FY04-08 examines Philadelphia’s financial outlook, assessing projected revenues, major expenditure categories, and policy initiatives to ensure fiscal sustainability.

The document outlines the Amended and Restated Indenture of Trust between PICA and Meridian Bank as Trustee, governing the issuance and repayment of bonds. It details the security structure, payment mechanisms, and legal covenants ensuring compliance with tax and financial regulations.

The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY02 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'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.

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.

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'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.

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.

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'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.

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.

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.

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.

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'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.

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.