PICA PA

Fiscal Oversight for the City of Philadelphia

[PICA PA @PICA_Authority]

In September @PhiladelphiaGov obligated $445 million, 7.2 percent of the FY2024 budget. Through the first quarter of the fiscal year, the City has obligated 26.8 percent of the $6.195 billion FY2024 budget. Read more here: https://t.co/B40jauNkie

[PICA PA @PICA_Authority]

In August, @PhiladelphiaGov expended $619 million, or ten percent of the FY2024 adopted budget. In total, the City spent nearly $111 million more than last August, largely due to the timing of contracts. Learn more here: https://t.co/nXm4izkiSS

[PICA PA @PICA_Authority]

July 2023 general fund tax revenue for @PhiladelphiaGov increased by 3.7% over July 2022, even with the transfer of parking tax revenues to the newly created transportation fund. Read the full report here: https://t.co/YB5pkyhM6j

[PICA PA @PICA_Authority]

PICA's Board approved the @PhiladelphiaGov FY24-28 Five-Year Plan today. The Board held that assumptions and estimates in the Plan were reasonable and appropriate, including projections of positive fund balances for the next 5 fiscal years. https://t.co/koGLmnHNDV

[PICA PA @PICA_Authority]

Through the end of FY2023, @PhiladelphiaGov obligated $5.546 billion. This is an 11.6% increase over the same period in FY2022, but 5.1% or $296.2 million less than the approved budget of $5.842 billion.

[PICA PA @PICA_Authority]

PICA issues staff report on May FY23 @PhiladelphiaGov revenue: May collections down 3.8% from FY22, fiscal year-to-date collections up 2.8% https://t.co/1TCCVZCwFC

[PICA PA @PICA_Authority]

Through May @PhiladelphiaGov has obligated $5.083 billion in FY23. That's $512 million or 11.2 percent more than FY22 obligations through May. Read the full report here: https://t.co/KZaurbEFpt

[PICA PA @PICA_Authority]

Second quarter projections from
@PhiladelphiaGov
estimate a year-end fund balance of $614.9 million—$242.7 million higher than projected in the City’s FY2023-FY2027 Five Year Plan. Check out PICA's Staff Report here: https://t.co/hjpbg1nQyh

[PICA PA @PICA_Authority]

Nine months into the fiscal year, through April @PhiladelphiaGov has obligated 81% of the FY2023 budget. Read the full PICA staff report here: https://t.co/mfcWibrEAn

[PICA PA @PICA_Authority]

PICA issues staff report on March 2023 @PhiladelphiaGov revenue: March collections increase by 14 percent compared to last year https://t.co/LDqR9qVKAm

[PICA PA @PICA_Authority]

PICA issues Staff Report on @PhiladelphiaGov overtime for Q3 of FY2023: OT is up by $40.4 million / 26.5%, compared to Q3 FY2022, and $50.9 million / 35.8%, compared to Q3 of FY2021. Total OT of $193.1 million through Q3 is the City's highest ever Q3 total. #Philadelphia

[PICA PA @PICA_Authority]

Eight months into FY2023, @PhiladelphiaGov has obligated 76.1 percent of the adopted FY2023 budget, read more here: https://t.co/WMsXml0w1E #Philadelphia

[PICA PA @PICA_Authority]

City of Philadelphia overtime increased in the second quarter of FY2023 by $35.4 million, or 36.2 percent, compared to the second quarter of FY2022, and by $28.3 million, or 26.9 percent, compared to the second quarter of FY2021. Read the full report here: https://t.co/qCfni2qtx3

[PICA PA @PICA_Authority]

January 2023 revenue for @PhiladelphiaGov down 9% from January 2022: https://t.co/t7n5bHIiAZ #Philadelphia #PublicFinance

[PICA PA @PICA_Authority]

Second quarter projections from @PhiladelphiaGov estimate a year-end fund balance of $660.5 million—$288 million higher than projected in the City’s FY2023-FY2027 Five Year Plan. Check out PICA's Staff Report here: https://t.co/ztqmmlvGoq #Philly #PublicFinance

[PICA PA @PICA_Authority]

Spending for @PhiladelphiaGov Slightly Ahead of PICA’s Projections: PICA Issues Monthly Obligations Update for October: https://t.co/fFkojK4hJ9
#cities #philly #governmentspending #citybudgets

[PICA PA @PICA_Authority]

First Quarter @PhiladelphiaGov Spending Slightly Ahead of PICA’s Projections; PICA Issues Monthly Obligations Update for September: https://t.co/LmLDPTf6v9
#philly #citybudgets #governmentspending #cities

[PICA PA @PICA_Authority]

Increases in August Tax Collections Mark Strong Start to Fiscal Year: PICA Issues Monthly @PhiladelphiaGov Tax Revenue Update for August: https://t.co/hjX3VbmkvX
#philly #taxes #cities #citybudgets #pubicfinance

[PICA PA @PICA_Authority]

July Obligations Slightly Ahead of Expectations: PICA Issues Monthly City Obligations Update for @PhiladelphiaGov for July
https://t.co/Tl2Br2u4S5
#philly #citybugets #governmentspending

[PICA PA @PICA_Authority]

The @PhiladelphiaGov has set a new record for overtime payments, according to the state agency that oversees the city budget. PICA said in its latest report that the city spent more than $213 mil on OT in the last FY:
https://t.co/nlUcMOlBke
#cities #citybudgets #publicfinance