Summary
The PICA Board convened on November 21, 2017, to discuss financial updates and consider funding reallocation requests. Executive Director Harvey Rice provided reports on tax revenue collections and the City’s fiscal year-end balance, noting that FY2017 ended with a $189 million surplus, $100 million above projections. The Board approved Resolution 2018-05, reallocating $420,000 originally designated for a library assessment to roof repairs at Roxborough and Lawncrest branches, as the assessment had been completed under the Rebuild Initiative. Additionally, the Chamber of Commerce presented on the Levy-Sweeney tax proposal, opposing changes to commercial property tax assessments. The meeting concluded with discussions on Philadelphia’s sanctuary city funding lawsuit and pending arbitration decisions for the Firefighters Union.