Summary
The PICA Board convened on April 21, 2020, to assess the financial impact of COVID-19 on the City’s budget and tax collections. Executive Director Harvey Rice reported that PICA staff had been in daily communication with City officials regarding economic forecasts and potential budget revisions. The Board approved Resolution 2020-08, securing auditing services from Maher Duessel, and Resolution 2020-09, engaging Charles Swanson to conduct revenue analysis for the upcoming Five-Year Plan. Discussions centered on labor contract costs, budget revisions, and the City’s approach to managing revenue shortfalls. The meeting concluded with concerns over the long-term economic recovery and potential additional budget revisions.