Summary
The Board received a briefing from the City on the revised Transportation Network Company Tax proposal, which would increase the fee to $1 per ride to help address the School District’s projected deficit and preserve hundreds of positions. Discussion focused on the reliability of projected revenues, the City’s role in supporting school funding, and the limits of PICA’s statutory oversight related to revenues directed outside the General Fund. PICA staff also reported on ongoing analysis of the City’s debt burden, borrowing trends, tax delinquency, and preparation for review of the FY27–31 Five-Year Plan.