Tuesday, April 28, 2015

PICA won't get city's five-year financial plan until next week

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.

PICA won't get city's five-year financial plan until next week

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.

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