Localmedium impact · 4/10substantive260512

City Council Approves $44.8 Million Funding Boost for Philadelphia Gas Works Amid Budget Forecast Revisions

Official:Approving the amendment of the Fiscal Year 2026 Capital Budget providing for expenditures for the capital purposes of the Philadelphia Gas Works (including the supplying of funds in connection therewith) subject to certain constraints and conditions and acknowledging the receipt of the Revised Forecast of Capital Budgets for Fiscal Years 2027 through 2031, as amended.

Sponsor: Council President Johnson

Introduced: May 14, 2026

Signed: June 11, 2026

: Committee on Finance

budget financeutility

Plain-Language Summary

This bill amends the FY2026 Capital Budget for the Philadelphia Gas Works (PGW) to provide an additional $44.8 million and revises the forecast of capital budgets for FY2027-2031. The amendment includes constraints and conditions related to funding.

What This Bill Does

AI-written. Every figure is checked against the bill text.

Provides an additional $44.8 million for the Philadelphia Gas Works in the FY2026 Capital Budget.
Revises the forecast of capital budgets for FY2027-2031, taking into account the Revised Forecast of Capital Budgets.
Imposes constraints and conditions on the funding provided to the Philadelphia Gas Works, as stated in the Management Agreement.
Acknowledges the receipt of the Revised Forecast of Capital Budgets for FY2027-2031, as amended, and requires the Philadelphia Facilities Management Corporation to submit a revised capital budget and forecast for the ensuing years.

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Philadelphia Context

City Budget

Total FY2025 operating budget: $6.3 billion
General Fund: $5.6 billion
Police Dept: $885 million
Human Services: $520 million
Fire Dept: $298 million

City of Philadelphia FY2025 Operating Budget

Philadelphia Overview

Population: 1,576,251
Median household income: $52,649
Poverty rate: 21.8%
Unemployment rate: 6.2%
Adults with bachelor's degree: 32.4%

U.S. Census Bureau ACS 2022

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