Philadelphia

Overview


Socioeconomic Data
Population 1,567,442
Employment 648,280
Unemployment Rate 6.9%  (18 of 116)
Zillow Home Value Index $121,500  (92 of 116)
Government-Wide Revenues and Expenses
General Revenues $3,623,730,000
Capital Grants and Contributions $221,421,000
Charges For Services $1,377,161,000
Operating Grants and Contributions $2,012,071,000
Total Revenues $7,234,383,000
Total Expenditures $6,900,278,000
Change in Net Assets $334,105,000
Actuarially Determined Pension Contributions $1,375,598,928
Pension Contributions Actually Made $1,175,496,136
Government-Wide Position
Current Assets $3,777,055,000
Total Assets $10,190,110,000
Current Liabilities $7,433,512,000
Long Term Debt $8,349,534,000
Total Net Position ($6,263,488,000)
Unrestricted Net Position ($7,880,584,000)

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  155,495,000 $  324,717,000 $  480,212,000
Surplus/(deficit) (489,481,000) 119,970,000 (369,511,000)
Revenues
Total Revenues $  3,390,095,000 $  2,680,709,000 $  6,070,804,000
Taxes 2,777,889,000 619,215,000 3,397,104,000
Miscellaneous Gains 597,706,000 2,059,070,000 2,656,776,000
Other Revenues 14,500,000 2,424,000 16,924,000
Expenditures
Total Expenditures $  3,879,576,000 $  2,560,739,000 $  6,440,315,000
Miscellaneous 3,115,668,000 2,053,654,000 5,169,322,000
Fire 344,715,000 1,651,000 346,366,000
Principal 208,015,000 131,809,000 339,824,000
Capital Outlay 0 189,661,000 189,661,000
Culture, parks and recreation 163,678,000 21,164,000 184,842,000
Interest 13,354,000 107,299,000 120,653,000
Economic Development 26,947,000 55,501,000 82,448,000
Issuance Cost 7,199,000 0 7,199,000

Metrics


General Fund Balance Ratio 4.01%  (114 of 116)
Debt to Revenue Ratio 115.42%  (82 of 116)
Pension ADC to Revenue Ratio 19.01%  (2 of 116)
Annual Change in Home Prices 4.74%  (79 of 116)
Annual Change in Unemployment Rate (1.2%)  (85 of 116)
Fiscal Health Score 41  (111 of 116)
Implied Credit Rating BBB+