Most Major Taxes Decrease by 20 Percent in June Tax Collections Decrease by More Than 7 Percent in FY2020 The City collected approximately $182.9 million in General Fund tax revenue in June of FY2020, compared to $189.0 million in June FY2019, a decrease of approximately $6.1 million, or -3.2 percent, according to preliminary figures. Most […]
PICA Board Unanimously Approves City’s FY2021-FY2025 Five Year Plan
Issues Staff Report on Five Year Plan July 21, 2020—The Board of the Pennsylvania Intergovernmental Cooperation Authority (“PICA”) at its Annual Meeting today unanimously approved the City of Philadelphia’s Five Year Plan for Fiscal Years 2021-2025 (the “Plan”). The City will provide PICA monthly obligation reports and an overtime reduction Plan for each City Department. […]
PICA’s Monthly Tax Update for May
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 […]
