Year-to-Date Collections Increase Seven Percent in FY2019 City Experiences Increases in Most Months This Fiscal Year The City collected approximately $263.1 million in General Fund tax revenue in May 2019, compared to $254.5 million in May 2018, an increase of almost $8.6 million, or 3.4 percent, according to preliminary figures. Thus, the City experienced another […]
Third Quarter Revenues and Expenditures Almost $100 Million Higher Than Projected in Five Year Plan FY2019 Fund Balance Projected at $280.0 Million May 22, 2019 —FY2019 revenues are projected at $4.72 billion and expenditures are projected at $4.82 billion, according to PICA’s Staff Report on the City of Philadelphia’s Quarterly City Managers Report (“QCMR”) for […]
City Sees Double-Digit Increase in April Tax Collections Strong April Also Drives Increase in Year-to-Date Collections The City collected approximately $642.2 million in General Fund tax revenue in April 2019, compared to $528.8 million in April 2018, an increase of $113.4 million, or 21.5 percent according to preliminary figures. Notably, business income and receipts (“BIRT”) […]
City Spends $133.1 Million On Overtime Through Third Quarter: PICA Issues Third Quarter Overtime U...
Preliminary reports show that overtime costs through the third quarter (July 1–March 31) of fiscal year 2019 totaled approximately $133.1 million, compared to almost $135.4 million over the same period last year—a decrease of $2.3 million, or 1.7 percent. More than half of the departments reviewed for this report1 managed to reduce their overtime spending […]
Strong Real Estate Tax Collections Drive 14% Increase in March Collections Total Year-to-Date Collections Increase by 4.2 Percent Over Last Year The City collected approximately $382.0 million in General Fund tax revenue in March 2019, compared to $334.6 million in March 2018, an increase of 14.2 percent, according to preliminary figures. Notably, real estate tax […]
City Spends $90 Million On Overtime Through Second Quarter: PICA Issues Overtime Update for Second...
Preliminary reports show that overtime costs through the second quarter (July 1 – December 31) of fiscal year 2019 totaled approximately $89.5 million, compared to almost $93.0 million over the same period last year—representing a 3.5 percent reduction in overtime spending. Departments with the highest overtime spending totals in FY2018, such as the Police, Prisons, […]