Please be advised that the July 22nd, 2016 meeting of the Board of the Pennsylvania Intergovernmental Cooperation Authority has been cancelled.
City of Philadelphia Tax Revenue Update for May 2016 Through May, FY16 General Fund tax collections increased 7.2 percent compared to the same period in FY15. For all major City taxes, with the exception of the sales tax, year-to-date revenue growth exceeds the currently-projected growth rate for FY16 According to the City’s preliminary revenue report, […]
June 3, 2016—PICA’s Staff Report on the City’s Quarterly City Manager’s Report (QCMR) for the third quarter of FY16 shows the City’s tax revenue is projected at $2,935.8 million, $23.5 million higher than projected in the FY16-20 Five-Year Plan (the Plan). The increase reflects strong performance of wage and earnings, sales and real estate transfer […]
City of Philadelphia Tax Revenue Update for April 2016 General Fund tax collections through April increased by $117 million (4.8 percent) compared to the prior year However, growth rates for three major taxes – wage, business income and receipts, and sales – remain somewhat below currently projected growth for FY16 According to the City’s preliminary […]
On April 19, 2016, the PICA Board unanimously passed a resolution recognizing Suzanne Biemiller, who served with distinction as the Board’s Chair in 2015 and 2016. Click here to read the full resolution.
City of Philadelphia Tax Revenue Update for March 2016 Wage and earnings and real estate transfer tax collections continue to perform above projected growth rates Total FY16 City General Fund tax revenue increased 5.8 percent through March, as compared to the same period in FY15. According to the City’s preliminary revenue report, FY16 General Fund […]