JUST RELEASED: PICA’s October Tax Revenue Report for the City of Philadelphia

Most Major General Fund Taxes Above Projections through October Wage & Earnings and Sales Tax Coming in Better than Projected General Fund tax collections through October totaled $746.9 million, an increase of 4.6 percent from the same period in FY16. The current estimate for FY17 General Fund tax revenue is $3.089 billion, 4.7 percent above […]

PICA Releases Staff Report on City of Philadelphia Overtime for FY16

City of Philadelphia’s Overtime Costs Across Key Departments Approximately $170 Million for FY16, $45 Million Over Budget PICA Issues Staff Report on City’s FY16 Overtime Usage November 14, 2016—PICA’s Staff Report on the City’s overtime usage for FY16 revealed rising overtime costs among key departments for the fifth straight fiscal year, reaching $170 million in […]

PICA’s September Tax Revenue Report for the City of Philadelphia

General Fund tax collections for September 2017 increased 3.3 percent compared to the same month in 2016 General Fund tax collections through September totaled $552.4 million, an increase of 3.3 percent from the same period in FY16. The current estimate for FY17 General Fund tax revenue is $3.089 billion, 4.7 percent above the FY16 estimate. […]

PICA Issues Staff Report on City’s 4th Quarter City Manager’s Report

PICA: City of Philadelphia’s General Fund Revenues for FY16: $81.1 Million Higher Than Projected—Fund Balance $36.4 Million Higher Than Projected PICA Issues Staff Report on City’s 4th Quarter City Managers Report October 14, 2016—PICA’s Staff Report on the City’s Quarterly City Managers Report (QCMR) for the 4th quarter of  FY16 shows General Fund revenues at […]

PICA’s August Tax Revenue Report for the City of Philadelphia

General Fund tax collections for the month of August of FY17 increased 5.5 percent compared to the same month in FY16 General Fund tax collections through August totaled $386.6 million, an increase of 5.5 percent from the same period in FY16. The current estimate for FY17 General Fund tax revenue is $3.089 billion, 4.7 percent […]

PICA Board Approves City of Philadelphia’s FY17-FY21 Five-Year Plan

August 31, 2016—The Board of the Pennsylvania Intergovernmental Cooperation Authority (PICA) today approved the City of Philadelphia’s Five-Year Plan for FY17-21 by a vote of 4-1. In approving the Five-Year Plan, the Board held that the projected revenue assumptions and estimates in the Plan were reasonable and appropriate and that the Plan projects balanced budgets […]

December 2016
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