Summary
The PICA Board convened on April 20, 2021, with discussions on the economic outlook and wage tax revenue trends. Executive Director Harvey Rice highlighted recent engagements, including PICA’s role in evaluating federal relief fund allocations for the City. The Board approved Resolution 2021-13, extending Charles Swanson’s consulting services for Five-Year Plan revenue analysis at the same $9,000 contract rate. City representatives presented updates on infrastructure funding needs, recession reserve planning, and economic recovery expectations. Board members discussed the impact of non-residents continuing remote work and its long-term effect on wage tax collections. The meeting adjourned after extensive discussions on financial risks and future budget planning.