That announcement came Wednesday morning at City Hall.
"I can share with you now the worst-kept secret in Philadelphia: There will be a Mummer's Parade," said Mayor Michael Nutter.
A contract will be signed and commitments made to pay the city for police and other services.
Over the last few weeks, there had been questions and distrust from various parties. Supporters, though, scrambled to raise funds for the $148,000 in services. It is money the city used to donate before the recession.
Despite those problems, it was all smiles on Wednesday morning.
"First I want to thank Mayor Nutter and his staff for working with us throughout this process," said George Badey of savethemummers.com. "We all know it's not Mayor Nutter's doing that the world economy collapsed over the past year."
"Thank you for announcing that," Mayor Nutter said to laughter from the crowd.
Badey continued, "He's done the best he can under these circumstances, and we want to keep this parade going for future generations. This is the 110th parade, and we want it to be the first of many, many more."
Weather permitting, the Mummers will strut at 10:00 a.m. on New Year's Day.