Summary
The PICA Board convened on April 18, 2023, to discuss ongoing financial oversight and personnel changes. Executive Director Harvey Rice welcomed new Board member Rosalind Sutch and provided updates on tax revenue reports and PICA’s economic research initiatives. The Board passed resolutions recognizing the service of departing Board members and approved a contract extension for Charles Swanson to conduct revenue analysis for the Five-Year Plan. A discussion followed on overtime costs, particularly in departments with persistent staffing shortages. The meeting concluded with an overview of financial risks related to pension funding and revenue stability.