Pennsylvania Intergovernmental Cooperation Authority
|Headquarters||1500 Walnut Street
The PICA was created by the Pennsylvania General Assembly though the Pennsylvania Intergovernmental Cooperation Authority Act for Cities of the First Class, also known as the PICA Act, on June 5, 1991. The PICA is charged with "restoring the financial stability" and "achieving balanced budgets" in Philadelphia.
The PICA operates within the context of an "Intergovernmental Cooperation Agreement" between it and the City of Philadelphia whereby the PICA had the authority to "evaluate and approve" the city's finances, the power to levy the "PICA Tax" to solve budget shortfalls, and the ability to withhold state funds if necessary to achieve the goals set out in the PICA Act.
- Special-purpose district
- Municipal authority (Pennsylvania)
- Pittsburgh Intergovernmental Cooperation Authority