Summary
PICA adopted Resolution No. 2022-04, approving the City’s request to delay the submission of a revised Five-Year Financial Plan for FY2022-FY2026. The City requested this extension following the issuance of a new arbitration award for the Fraternal Order of Police Lodge No. 5 and negotiated labor agreements with District Council 33 and District Council 47. These contracts were out of compliance with the previously approved financial plan, requiring adjustments. Under the Intergovernmental Cooperation Agreement, the City was originally required to submit revisions within 15 to 20 days of contract execution. PICA’s approval allowed an extension until 15 days after the District Council 47 agreement was ratified but no later than October 29, 2021. The resolution took effect immediately, ensuring a realistic timeline for financial planning updates.