Summary
The PICA Board convened on June 16, 2020, to review the financial impact of COVID-19 on City revenues and expenditures. Executive Director Harvey Rice provided updates on PICA’s revenue projections, highlighting concerns over reduced BIRT and wage tax collections. The Board discussed ongoing departmental overtime overruns and challenges in controlling payroll expenses despite increased staffing. Resolutions 2020-11 and 2020-12 were approved, securing accounting and arbitrage services for PICA. Additionally, the Board discussed the City’s non-resident wage tax policies and the potential legal implications of remote work on tax collections. The meeting concluded with discussions on the upcoming Five-Year Plan submission and the need for more conservative revenue estimates.