City of Philadelphia Achieves Record 1.19 Billion Fund Balance Amid Unprecedented Fiscal Uncertainty
Philadelphia's Fiscal Year 2025 concluded with a record $1.187 billion fund balance, marking the largest in the city's history. Mayor L. Cherelle Parker emphasized the importance of fiscal health in achieving the city's goals amid economic uncertainties. The fund balance will assist in addressing potential future challenges, including budget impasses and labor costs.