The Intergovernmental Cooperation Authority for Harrisburg Accepts Revised Five-Year Financial Plan for 2020
Harrisburg, Pennsylvania – The Intergovernmental Cooperation Authority for Harrisburg (the Authority) has approved a revised submission of the City of Harrisburg’s update to the Mayor’s Five-Year Financial Plan for 2020. The document was approved on March 5, 2021, despite being for the 2020 fiscal year.
Under state law, the City is required to prepare and submit a proposed five-year plan for the Board’s review during each fiscal year. The requirements of the plan include components that will eliminate projected deficits, implement sound budgetary practices, and provide procedures to avoid a fiscal emergency condition in the future.
In an effort of cooperation, the City administration and the ICA Board collaborated in a revised document to meet this important submission requirement for 2020.
In addition, the parties pledged cooperation towards the 2021 submission, a draft is due by April 30, 2021, for the next year’s plan.
A copy of the March 10, 2021, resubmission of the 2020 Mayor’s Five-Year Financial Plan is available on the ICA website at www.hbgica.org
About the ICA
The Intergovernmental Cooperation Authority for Harrisburg (ICA) is a public authority and instrumentality of the Commonwealth of Pennsylvania. The ICA was created for the general purpose of fostering the fiscal integrity of the City of Harrisburg, pursuant to the Intergovernmental Cooperation Authorities Act for Cities of the Third Class (Act of October 24, 2018, P.L. 751, No. 124).
The Intergovernmental Cooperation Authority for Harrisburg (ICA) was created by an act of the General Assembly. The Authority, composed of members experienced in finance and management, advises the City of Harrisburg, the General Assembly, and the Governor concerning solutions to fiscal problems the City of Harrisburg may face.
The powers and duties of the Authority are exercised by a governing board, composed of five appointed members. The current four members are residents of the city and/or have their primary place of business or employment in the city. In addition, there are two ex officio, non-voting members of the board representing the City and the Secretary of the Budget.
The governing board of the ICA retains an Authority Manager and Independent General Counsel to assist them in their mission.
If you have any questions about the ICA, please contact Authority Manager Jeffrey Stonehill at hbgica@gmail.com.