Specific reports can be found by searching or filtering our publications.
Featured Publications
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on QCMR
QCMR Summary FY26 Q4
September 1, 2026
Philadelphia’s FY26 Q4 QCMR projects an $884.4 million year-end General Fund balance, equal to 14.0 percent of revenues, with revenues and obligations both at 99.4 percent of the PICA-approved FY26-30 Five-Year Plan. The improved fund balance reflects the unused $91.0 million Federal Funding Reserve and a stronger starting position from FY25, while the City still…
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on Quarterly Overtime
Quarterly OT Report FY26 Q4
September 1, 2026
Philadelphia’s FY26 projected year-end citywide overtime spending totals $318.5 million, a 1.1 percent increase over FY25, while overtime as a share of Class 100 spending declines from 14.2 percent to 13.2 percent. Special events, pay increases, and continued vacancies remain key drivers of overtime costs, though improved staffing helped reduce the citywide vacancy rate from…
PICA Reports on Philadelphia's Five-Year Plan
Fact Sheet
Looking Backwards and Looking Ahead: The City of Philadelphia’s Fiscal Performance & Projections
August 17, 2026
Philadelphia’s recent fiscal performance and FY27-31 projections show a transition from strong reserve buildups from FY21-25 to a Five-Year Plan shaped by planned investments, operating deficits, and lower reserve levels. Pension funding and General Fund revenues are projected to improve over the Plan period, while long-term obligations are expected to peak in FY29 before returning…
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
Fact Sheet
Report of the Select Committee on Fiscal Stability and Intergovernmental Cooperation
June 21, 1991
Philadelphia’s 1991 fiscal crisis centered on a deep General Fund structural deficit, severe cash flow problems, and loss of access to credit markets. To restore fiscal stability and avoid default, the Select Committee recommended creating a state authority with borrowing capacity, dedicated revenues, and oversight tied to a five-year financial plan. The recommendations helped establish…
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.