Summary
PICA adopted Resolution No. 2016-07, approving the retention of Charles Swanson to evaluate revenue assumptions in the City of Philadelphia’s FY2017-FY2021 Five-Year Financial Plan. This engagement follows a proposal submitted on June 10, 2016, and was recommended by PICA staff. Swanson’s role is to analyze revenue forecasts and assess whether they align with economic trends and fiscal policies. His review will support PICA’s mission to provide financial oversight and ensure budgetary soundness. The resolution authorizes the execution of necessary agreements and ratifies prior related actions. The resolution takes effect immediately.