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PICA Issues Monthly Obligations Update for June

28 Jul
in Uncategorized
Through June of FY2022, the City has expended $4.691 billion and encumbered an additional $278.3 million. As a result, the City obligated $4.969 billion of

PICA Board Unanimously Approves City’s FY2023-FY2027 Five Year Plan

27 Jul
in Uncategorized
July 27, 2022—The Board of the Pennsylvania Intergovernmental Cooperation Authority (“PICA”) at its Annual Meeting today unanimously approved the City of Philadelphia’s Five Year Plan

PICA Issues Monthly Tax Revenue Update for June

25 Jul
in Uncategorized
The City collected approximately $237.3 million in General Fund tax revenue in June of FY2022, compared to $214.0 million in June of FY2021, an increase

Legislation Extending PICA Signed by Governor Wolf

08 Jul
in Uncategorized
After unanimously passing both the Pennsylvania House of Representatives and the State Senate, Governor Tom Wolf today signed House Bill 1935 into law, effectively renewing authorization

PICA Issues Monthly Obligations Update for May

10 Jun
in Uncategorized
Through May of FY2022, the City has expended $4.287 billion and encumbered an additional $284.0 million. As a result, the City obligated $4.571 billion of

PICA Issues Monthly Tax Revenue Update for May

09 Jun
in Uncategorized
The City collected approximately $343.8 million in General Fund tax revenue in May of FY2022, compared to $353.6 million in May of FY2021, a decrease

PICA Issues Staff Report on City’s Third Quarter QCMR

25 May
in Uncategorized
The Quarterly City Managers Report (“QCMR”) for the third quarter (period ending March 31, 2022) projects a year-end fund balance of $389.9 million, $256 million

PICA Issues Monthly Obligations Update for April

13 May
in Uncategorized
Through April of FY2022, the City has expended $3.966 billion and encumbered an additional $334.7 million. As a result, the City obligated $4.301 billion of

PICA Issues Monthly Tax Revenue Update for April

12 May
in Uncategorized
The City collected approximately $820.0 million in General Fund tax revenue in April of FY2022, compared to $507.5 million in April of FY2021, an increase

PICA Issues Third Quarter Overtime Update

04 May
in Uncategorized
Through the third quarter of FY2022, City departments spent $152.7 million in overtime, $10.5 million, or 7.4 percent more than last year, and $3.8 million,
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