Summary
The PICA Board convened on February 20, 2024, to review and approve the FY25 Operating Budget (Resolution 2024-07), which outlined planned expenditures and funding sources. The Board also voted on legal services, selecting Ballard Spahr as PICA’s new General Counsel (Resolution 2024-08), citing their long-term availability and expertise. Executive Director Marisa Waxman provided an update on City financial conditions, noting a $500 million fund balance and increased spending on capital projects such as street paving and public safety equipment. Discussions also covered office lease negotiations, cybersecurity improvements, and the City’s efforts to improve tax collection processes. The meeting concluded with updates on real estate market trends and financial risk assessments for FY25.