All Major Tax Collections Decrease by More Than Twenty Percent in May Impact of COVID-19 on Tax Collections Becomes Clear The City collected approximately $181.0 million in General Fund tax revenue in May of FY2020, compared to $262.9 million in May FY2019, a decrease of approximately $81.9 million, or 31.2 percent, according to preliminary figures. […]
Meeting Notice: Pennsylvania Intergovernmental Cooperation Authority
The regularly scheduled board meeting will be held on Tuesday, June 16 at 12:15 PM. This meeting will be a “virtual meeting.” Members of the public may register to participate in the meeting by submitting an email to hrice@picapa.org by 5:00 PM, Monday, June 15, 2020. At that time, you will be provided with a […]
PICA’s Staff Report on City’s Third Quarter QCMR
City Projects Fund Balance to Drop by $84 Million Obligations Projections Increase While Revenues, Fund Balance Decrease June 2, 2020 —The City projects increases in expenses by $37.1 million, and decreases in revenues by $70.4 million according to PICA’s Staff Report on the City of Philadelphia’s Quarterly City Managers Report (“QCMR”) for the third quarter […]
Overtime Update for Third Quarter of FY2020
City’s Spends Almost $150 Million in OT Through Third Quarter Overtime Cost Projection Surpasses $200 Million for First Time May 27, 2020 —The Pennsylvania Intergovernmental Cooperation Authority’s (“PICA”) Overtime Update for the Third Quarter of FY2020 showed City of Philadelphia overtime costs totaled $148.9 million, $15.8 million more than through the third quarter of last […]
PICA’s Monthly Tax Update for April
April Tax Collections Drop by More Than Half Compared to Last Year Impact of COVID-19 on Tax Collections Becomes Evident The City collected approximately $287.1 million in General Fund tax revenue in April of FY2020, compared to $639.7 million in April FY2019, a decrease of approximately $352.6 million, or 55.1 percent, according to preliminary figures. As […]
PICA’s Monthly Tax Update for March
March Tax Collections Slightly Higher Than Last Year Impact of COVID-19 on Tax Revenue Not Yet Evident The City collected approximately $383.0 million in General Fund tax revenue in March of FY2020, compared to $381.6 million in March FY2019, an increase of approximately $1.4 million, or 0.4 percent, according to preliminary figures. About half of […]
