Summary
PICA adopted Resolution No. 2018-07, approving a revised Five-Year Financial Plan for FY2018-FY2022, submitted on April 2, 2018. The revision accounts for the costs associated with new labor agreements impacting Correctional Officers, Sheriff’s Officers, and Register of Wills employees. PICA staff reviewed the revised plan and recommended approval, ensuring financial feasibility. The resolution confirms that the updated plan meets legal and fiscal requirements. The Board approved the plan unanimously, supporting the City’s efforts to maintain financial stability. This resolution takes effect immediately.