|Posted:||September 8, 2021 02:08 PM|
|From:||Representative Martina A. White and Rep. Joanna E. McClinton, Rep. Jared G. Solomon|
|To:||All House members|
|In the near future, we will introduce legislation to renew the authorization of Pennsylvania Intergovernmental Cooperation Authority (PICA) Act for Cities of the First Class (Act 6 of 1991) that is scheduled to expire this coming session.
PICA played a critical role in stabilizing the fiscal health of Philadelphia. Act 6 was so effective in restoring the city as a viable economic engine for the Commonwealth it was used as a model for the intergovernmental authority that existed in Pittsburgh and for the one that currently provides oversight in Harrisburg.
The authority, by way of oversight and transparency, ensures an annual report is sent to the Governor and General Assembly on the fiscal stability of the city and how it is achieving balanced budgets. As a Commonwealth, it is in our best interest to ensure the city continues dedicating revenue under this program to secure and safeguard a strong bond rating. It is imperative that Philadelphia remains fiscally sound as its economic conditions can impact the entire state.
Please join us in co-sponsoring this important legislation to continue our fiscal oversight of Philadelphia.
Introduced as HB1935