Summary
The PICA Board convened on March 19, 2019, to discuss financial planning and oversight issues. Executive Director Harvey Rice provided updates on tax revenue collections, noting a 10% increase from the prior fiscal year. The Board reviewed the City’s overtime expenditures, with discussions highlighting concerns over the Fire Department’s overtime, which increased by $10 million. Mr. Dubow presented the FY2020-FY2024 Five-Year Financial Plan, emphasizing pension contributions and school district funding increases. Additionally, the Board approved Resolution 2019-07, formalizing PICA’s FY2020 Operating Budget. The meeting concluded with discussions on infrastructure funding, Pre-K investments, and wage tax reductions.