Summary
PICA adopted Resolution No. 2020-10, approving the City’s request to withdraw and resubmit its revised Five-Year Financial Plan for FY2020-FY2024. The original revision, submitted due to new labor agreements, raised concerns requiring further analysis. PICA staff, along with an economic consultant, identified issues that needed resolution before approval. The Board agreed to grant the City additional time to submit a revised plan, ensuring more accurate financial projections. The resolution clarifies that the withdrawn plan is no longer under PICA’s review. It takes effect immediately.