Live: Philadelphia mayor to unveil city budget proposal for 2027

For her third time atop Philadelphia’s highest office, Mayor Cherelle Parker was set to present an annual city budget proposal to members of City Council and Philly residents on Thursday.

From City Hall on Thursday morning, Parker was expected to present her proposal at the end of City Council’s regularly scheduled meeting.

The meeting was set to start at 10 a.m.

Philadelphia Mayor Cherelle Parker was set to present her proposed budget for the 2027 fiscal year to City Council and the public on Thursday, March 12, 2026. Her presentation is expected to be held as the end of City Council’s scheduled meeting, which will start at 10 a.m. The event will be livestreamed at the top of this article.

In a statement ahead of the day’s presentation, city officials did not detail just what Parker might include in her proposal.

Last year, Parker presented a $6.7 billion spending plan that she called the “One Philly 2.0 budget” after presenting the “One Philly” budget on her first year as the city’s mayor.

It remains to be seen if she will call the budget for the upcoming year the “One Philly 3.0” budget.

In last year’s proposal, Parker requested a number of funding increases for different initiatives, including:

• $186 million for public safety initiatives.
• $24.8 million for housing initiatives.
• $5.3 million for education efforts.
• $15 million for cleaning and and greening initiatives.

The final approved $6.8 billion budget included $2 billion going toward a housing program, $30 million for anti-violence grants and new funding for more body-worn cameras for Philadelphia police officers.

It also included $67 million for a new Forensics Science Center and $350 million in grants to pave streets in the city as well as install ADA ramps.

Following the presentation on Thursday, City Council will hold a round of public hearings on the proposal.

The dates for these hearings have yet to be announced.

City Council has 90 days before the end of the current fiscal year — which ends on June 30, 2026 — to approve a city budget and, officials noted, the city cannot plan to spend more money in a budget proposal than it is estimated will be collected in tax revenue.

This is a breaking news story. It will be updated as new information becomes available.