Summary
PICA adopted Resolution No. 2019-05, approving a revised Five-Year Financial Plan for FY2019-FY2023, submitted on November 23, 2018. The revision accounts for additional health and welfare costs resulting from a collective bargaining reopener agreement with AFSCME District Council 33. 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.