Summary
The PICA Board convened on February 15, 2022, to review budgetary and fiscal developments. The Board approved Resolution 2022-06, adopting the FY2023 PICA Operating Budget, which accounted for potential increases in healthcare costs and payments for unused vacation and sick leave. Executive Director Harvey Rice reported on the City’s revenue performance, highlighting concerns about remote work’s effect on wage tax collections. The Board discussed labor contract negotiations and the associated financial risks in the Five-Year Plan. Additional topics included tax revenue projections, investment returns, and upcoming budget presentations. The meeting concluded with an update on the City’s overtime spending and workforce challenges.