PICA Board Unanimously Approves City’s FY2022-FY2026 Five Year Plan

Kevin Vaughan Re-elected Chair

The Board of the Pennsylvania Intergovernmental Cooperation Authority (“PICA”) at its Annual Meeting unanimously approved the City of Philadelphia’s Five Year Plan for Fiscal Years 2022-2026 (the “Plan”). In approving the Plan, the Board held that the assumptions and estimates in the City’s Plan were reasonable and appropriate, and that the Plan projects positive year end fund balances for the next five fiscal years. PICA also issued its annual Staff Report on the Plan; the report identifies certain factors that might present risks to the Plan.

For the full report, click here.