Summary
The PICA Board convened on July 27, 2022, to approve critical financial oversight measures. The Board passed Resolution 2022-01, endorsing the FY2023-2027 Five-Year Financial Plan, acknowledging financial risks related to tax revenue projections and pension obligations. Additionally, the Board approved Resolution 2022-02, re-electing its officers, and Resolution 2022-03, formalizing the FY2023 meeting schedule. A major discussion point was Governor Tom Wolf’s recent approval of legislation extending PICA’s oversight authority through January 2047. The Board also reviewed tax collection trends, overtime expenditures, and ongoing hiring challenges in City departments.