PICA won't get city's five-year financial plan until next week
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PICA won't get city's five-year financial plan until next week
Jan Ransom
Philadelphia’s fiscal watchdog will have to wait until next week to get the city’s five-year financial plan in part because of the recent firefighters’ arbitration award.
On Tuesday Finance Director Rob Dubow told the Pennsylvania Intergovernmental Cooperation Authority that the city would submit the plan to them today, but Dubow said there are a couple of things that need to be combed out first.
“There are a couple of little issues that came up that we have to iron out before we submit it,” he said, speaking of the firefighters’ arbitration award which includes raises. “We’ll get [the plan] to them next week.”
The city has to figure how to deal with the costs associated with the award and Dubow said, the plan could reflect an appeal even if the city ultimately decides not to. That means the plan may not necessarily reflect the city’s final decision.
The city has not yet said whether they plan to appeal the award and they have 30 days from the announcement to make a decision.
"It's a matter of whether or not they're going to appeal," said PICA Board Chairman Sam Katz. "We'll see what happens."
After receiving the city’s five-year financial plan, PICA has 30 days to approve it or reject it.
when was the last time PICA held the city accountable? PICA should reject any city budget that doesn't force new DC33 and DC47 hires into 401k's
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David Gambacorta spent a small eternity writing about cops, drug dealers and serial killers. Now he’s writing about power and politics – which sometimes reminds him of the old crime beat. He joined the Daily News in 2005. And yes, he knows you’re not quite sure how to pronounce his last name. E-mail tips to gambacd@phillynews.com
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Jan Ransom, a native New Yorker, joined the Daily News in 2010 after graduating from Howard University. She has since written about the difficulty of filing police complaints, tax deadbeats and life after violent home invasions. She joined the Daily News City Hall Bureau in 2011 and has plunged headfirst into reporting on administration budget battles and City Council shenanigans. E-mail tips to ransomj@phillynews.com
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Sean Collins Walsh is from Bucks County and went to Northwestern University. He joined the Daily News copy desk in 2012 and now covers the Nutter administration. Before that, he interned at papers including The New York Times, The Dallas Morning News and The Seattle Times. E-mail tips to walshSE@phillynews.com
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