City of Philadelphia, PA

Jim Kenney says his plan will boost the city’s pension and reserve levels while avoiding any tax increases.

As Philadelphia Mayor Jim Kenney gears up for his next budget proposal, city officials are focused on keeping healthy fund balance levels.

A city task force has restored nearly $40 million in unreconciled cash accounts that was driven largely by duplicate debt service entries.

An improved Philadelphia economy drove the city’s long-struggling school district to an investment grade rating from Moody’s Investors Service.

Chicago came to market Thursday with its two-week delayed sales tax securitization bonds.

The city is looking to tackle infrastructure investments through a $181 million Election Day bond referendum.

With Philadelphia’s general fund surplus returned to near pre-recession levels, the city’s fiscal watchdog says now is the time to prepare for the next economic downturn.

Economic growth and increased local taxes drove Philadelphia to its highest surplus since the Great Recession in the last fiscal year, according to the city’s fiscal watchdog.

A Pennsylvania Supreme Court ruling allows the city to move ahead with borrowing plans that were placed on hold during its legal fight.

The Philadelphia Parking Authority, already under state scrutiny for costing public schools nearly $78 million of revenues because of mismanagement, is now a focus of the city’s new fiscal watchdog.