December Tax Collections Increase by 21% Over Last Year Year-to-Date Collections Ahead of Last Year by 10% The City collected approximately $252.0 million in General Fund tax revenue in December of FY2020, compared to $208.7 million in December FY2019, an increase of approximately $43.3 million, or 20.8 percent, according to preliminary figures. Every major City […]
First Quarter Overtime Update for FY2020
City’s First Quarter Overtime Spending $5.5 Million More Than Last Year Departments Spend 32 Percent of Annual Allocation in First Quarter January 15, 2020 —The Pennsylvania Intergovernmental Cooperation Authority’s (“PICA”) Overtime Update for the First Quarter for FY2020 showed City of Philadelphia overtime costs totaled $53.1 million, $5.5 million more than was spent in the […]
Monthly Tax Update for November 2019
City’s Strong FY2020 Tax Collections Continue in November Year-to-Date Collections Ahead of Last Year by $77 Million The City collected approximately $192.7 million in General Fund tax revenue in November of FY2020, compared to $175.5 million in November FY2019, an increase of approximately $17.2 million, or 9.8 percent, according to preliminary figures. While only only […]
PICA’s Redesigned Staff Report on City’s First Quarter QCMR
Projected Revenues and Obligations Both Increase Compared to Five Year Plan City Projects FY2020 Fund Balance of Over $300 Million December 2, 2019 —FY2020 revenues are estimated at $4.966 billion and expenditures are estimated at $5.117 billion, increases of of $48.7 million and $92.4 million over the City’s Five Year Plan, according to PICA’s Staff […]
Monthly Tax Update for October 2019
City Sees Double-Digit Increase in October Collections Year-to-Date Collections Ahead of Last Year by Seven Percent November 18, 2019 – The City collected approximately $253.9 million in General Fund tax revenue in October of FY2020, compared to $227.9 million in October FY2019, an increase of approximately $26.1 million, or 11.4 percent, according to preliminary figures. […]
Monthly Tax Update for September 2019
Most Taxes See Increases in September Collections Year-to-Date Collections Ahead of Last Year by Five Percent The City collected approximately $210.5 million in General Fund tax revenue in September of FY2020, compared to $195.2 million in September FY2019, an increase of approximately $15.3 million, or 7.8 percent, according to preliminary figures. Almost every tax category […]
