Summary
The PICA Board convened on January 21, 2020, with discussions on financial oversight and governance. Executive Director Harvey Rice reported that PICA’s bond refunding had resulted in $7 million in savings, and that investment earnings remained stable. The Board discussed ongoing real estate tax appeal backlogs and potential revenue risks associated with delayed hearings. Additionally, the meeting included a discussion on the long-term future of PICA, with several Board members expressing interest in extending the Authority’s oversight beyond 2023. The meeting concluded with budget updates and planning for the upcoming Five-Year Plan review.