Tuesday, April 21, 2015

PICA approves city's 5-year plan with concerns noted

The city's fiscal watchdog today approved the five year financial plan, while noting there are fiscal risks ahead.

PICA approves city's 5-year plan with concerns noted

The city's fiscal watchdog today approved the five year financial plan, while noting there are fiscal risks ahead.

The five-member board of the Pennsylvania Intergovernmental Cooperation Authority voted unanimously in favor of the city's plan. Board chairman Sam Katz did stress concerns about the city's underfunded pension plan and the pending switch to actual value real estate tax assessments.

"I'm uncomfortable with the fact that the long term problem of pensions is left largely undiscussed," said Katz.

About this blog
William Bender, a Drexel graduate who landed at the Daily News in 2007, has covered everything from South Philly mobsters to doomsday hucksters. He occasionally writes about local food trucks and always eats everything on his plate, whether it be a bloody rib eye or a corrupt politician. E-mail tips to benderw@phillynews.com
 Follow William on Twitter

David Gambacorta, has been a reporter with the Daily News since 2005, covering crime, police corruption and all of the other bizarre things that happen in Philadelphia. Now he’s covering the 2015 mayor’s race, because he enjoys a good circus just as much as the next guy. He’s always looking to get a cup of coffee. Send news tips and other musings on life to gambacd@phillynews.com
 Follow David on Twitter

PhillyClout Team
Also on Philly.com
Stay Connected