Summary
Members received updates from the City on the adopted FY27 Operating and Capital budgets, including changes related to School District funding, the Labor Reserve, Pension Fund contributions, and projected fund balances. The Board discussed reserves, pension funding progress, emergency shelter funding, and the timeline for submission and review of the FY27-31 Five-Year Plan. PICA staff reported on recent publications, preparation for the July 28 Five-Year Plan vote, the FY26 audit, operating budget status, and PICA Tax remittances.