Summary
The PICA Board convened on January 16, 2018, to examine financial trends and discuss policy initiatives. Executive Director Harvey Rice provided an update on revenue reports, while Paul Levy of the Center City District presented a proposal to shift the tax burden from wage and business taxes to real estate taxes. Board members debated the effectiveness of past wage tax reductions, questioning their impact on job creation. Additional discussions included DROP policy reform, with members highlighting concerns about pension costs and potential legal challenges. The meeting concluded with a motion to revisit DROP reform at a future meeting with input from City solicitors​.