Summary
The PICA Board convened on June 18, 2019, to discuss ongoing financial oversight responsibilities and prepare for the upcoming Five-Year Plan review. Executive Director Harvey Rice provided updates on tax revenues, which showed a 7% year-over-year increase, and the status of real estate tax appeal hearings. The Board approved Resolution 2019-12, renewing arbitrage rebate services with Parker Bond Consulting, and deferred a vote on financial advisory services under Resolution 2019-13 pending additional data on the 2010 bond issue. Discussions also focused on departmental staffing levels and overtime trends, with the Board expressing concern over rising labor costs despite workforce expansions. The meeting concluded with a motion to recess, allowing for further discussions on financial advisory contracts.