PICA - Technical.ly

PICA

Philadelphia, PA
Founded in 1991
Status: Active

Company Stats

Expertise:
municipal budgets
Headquarters:
Center City Philadelphia
Employee Count:
1-10
Annual Revenue:
$1 million - $2 million
Tax Status:
Nonprofit
Founded:
May 6, 1991

Connected People

Harvey Rice, Sam Katz

Connected Companies

City of Philadelphia

Address

1500 Walnut Street Suite 1600 Philadelphia, PA 19102
Info
Overview
Philadelphia, PA
Founded in 1991
Status: Active

Company Stats

Expertise:
municipal budgets
Headquarters:
Center City Philadelphia
Employee Count:
1-10
Annual Revenue:
$1 million - $2 million
Tax Status:
Nonprofit
Founded:
May 6, 1991

Connected People

Harvey Rice, Sam Katz

Connected Companies

City of Philadelphia

Address

1500 Walnut Street Suite 1600 Philadelphia, PA 19102

The Pennsylvania Intergovernmental Cooperation Authority (PICA) is the financial oversight board for the City of Philadelphia. It was created through state legislation in 1991 and began its work in 1992.

One of its most important first roles was to issue bonds on behalf of the city, which had largely lost access to the market. In later years, its mediation on behalf of labor contracts and its requirement of five-year budgets were seen as influential to improve the city’s investment grade and finances.

In 2013, Harvey Rice was named its Executive Director.

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