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 […]

JUST RELEASED: PICA Staff Report on City of Philadelphia’s Five-Year Financial Plan for FY17...

PICA Staff recommended approval of the Plan, based on the following: Revenue and expenditure projections are reasonable and appropriate. Preliminary revenue results for FY16 suggest another year of solid performance in revenue. PICA staff is encouraged by the City’s efforts to move in the direction of higher fund balances, which is evidenced by its setting […]

Annual Meeting Notice

Notice is hereby given that the annual meeting of the Board of the Pennsylvania Intergovernmental Cooperation Authority has been scheduled for Wednesday, August 31, 2016 at 11 a.m. in the Authority’s board room located at 1500 Walnut Street, Suite 1600, Philadelphia, PA 19102. Pennsylvania Intergovernmental Cooperation Authority Kevin Vaughan, Chair  

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

City of Philadelphia Tax Revenue Update July 2016 General Fund tax collections for the first month of FY17 decreased 4.7 percent compared to the same month in FY16. General Fund tax collections in July totaled $181.9 million, a decrease of 4.7 percent from the same period in FY16. The current estimate for FY17 General Fund […]

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

City of Philadelphia Tax Revenue Update June 2016 Preliminary revenue collections for FY16 are projected to be $233 million higher than FY16. Through June, FY16 General Fund tax collections increased 8.4 percent compared to the same period in FY15. According to the City’s preliminary revenue report, FY16 General Fund tax collections through June totaled $3.001 billion, an […]

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

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, […]

September 2016
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August 28, 2016 August 29, 2016 August 30, 2016 August 31, 2016

Category: GeneralPICA Board Annual Meeting

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