ADOPTED

The adopted resolution approved the Mayor’s revised five-year financial plan for Philadelphia covering fiscal years 2006 through 2010, along with proposed changes for fiscal year 2005. The plan was to be submitted to the Pennsylvania Intergovernmental Cooperation Authority and would require City Council ordinances for implementation.

Providing for the approval by the Council of the City of Philadelphia of a Revised Five Year Financial Plan for the City of Philadelphia covering Fiscal Years 2006 through 2010, and incorporating proposed changes with respect to Fiscal Year 2005, which is to be submitted by the Mayor to the Pennsylvania Intergovernmental Cooperation Authority (the "Authority") pursuant to the Intergovernmental Cooperation Agreement, authorized by an ordinance of this Council approved by the Mayor on January 3, 1992 (Bill No. 1563-A), by and between the City and the Authority.