October 17, 2017 Board Meeting Minutes
The PICA Board met on October 17, 2017, to review tax revenue collections, overtime spending, and financial audit results. The Board also received a presentation from the Office of Innovation and Technology (OIT) on IT infrastructure and cyber security concerns.
November 21, 2017 Board Meeting Minutes
The PICA Board met on November 21, 2017, to review financial reports, discuss capital project funding, and hear a presentation from the Philadelphia Chamber of Commerce. The Board approved Resolution 2018-05, reallocating $420,000 in funds for Free Library roof repairs.
January 16, 2018 Board Meeting Minutes
The PICA Board met on January 16, 2018, to review tax revenue trends, discuss DROP policy reforms, and hear a presentation from the Center City District on tax policy proposals. The Board also discussed the long-term impact of tax reductions on job growth.
March 21, 2017 Board Meeting Minutes
The PICA Board met on March 21, 2017, to review the Mayor’s Proposed Five-Year Financial Plan and discuss the City’s sanctuary city policies. The Board also approved a new four-year lease agreement for office equipment.
April 18, 2017 Board Meeting Minutes
The PICA Board met on April 18, 2017, to review the FY2018-2022 Five-Year Financial Plan and discuss the DROP pension study. The Board heard presentations from City officials on revenue forecasts, labor costs, and capital budget priorities.
April 28, 2017 Board Meeting Minutes
The PICA Board held a special meeting on April 28, 2017, to approve the FY2018 PICA Operating Budget and engage an economist for revenue analysis. The Board approved Resolution No. 7, adopting the budget and Resolution No. 8, engaging Charles Swanson for revenue forecasting.
June 20, 2017 Board Meeting Minutes
The PICA Board met on June 20, 2017, to discuss the City’s FY2018-2022 Five-Year Financial Plan review process, tax revenue trends, and arbitration settlement costs. The Board approved Resolution No. 12, engaging Parker Bond Consulting for arbitrage services.
July 18, 2017 Board Meeting Minutes
The PICA Board met on July 18, 2017, to approve the FY2018-2022 Five-Year Financial Plan and elect Board officers. The Board approved Resolution No. 1, endorsing the plan while discussing concerns over pension funding and school district finances.
September 19, 2017 Board Meeting Minutes
The PICA Board met on September 19, 2017, to approve a bond refunding resolution and review the Police Court Overtime Study findings. The Board approved Resolution 2020-05, authorizing bond refunding while highlighting the need for better cost control.
August 31, 2016 Board Meeting Minutes
The PICA Board met on August 31, 2016, to approve the FY2017-2021 Five-Year Financial Plan and discuss pension funding challenges. The Board expressed concerns about labor obligations exceeding reserves and the long-term fiscal sustainability of the City’s pension system.
October 18, 2016 Board Meeting Minutes
The PICA Board met on October 18, 2016, to review quarterly financial updates, discuss the upcoming annual report, and plan its third annual fall conference. The Board also debated the impact of the Sweetened Beverage Tax and potential legal risks.
November 15, 2016 Board Meeting Minutes
The PICA Board met on November 15, 2016, to review City financial reports, discuss overtime spending, and hear a presentation from the Board of Pensions and Retirement. The Board raised concerns about the pension system’s low funded ratio and its impact on the City’s financial stability.