Summary
The PICA Board convened on October 18, 2016, with discussions focused on financial oversight, investment strategies, and tax policy. Executive Director Harvey Rice presented updates on revenue reports, overtime spending, and the status of PICA’s audit report, which would be presented in November. The Board reviewed ongoing legal disputes surrounding the Sweetened Beverage Tax, discussing its projected consumption declines and potential economic impact on small businesses. The Board also planned PICA’s annual conference, with infrastructure investment as a central theme. The meeting concluded with updates on labor negotiations and the City’s pension reform efforts.