The Board heard a detailed presentation on the proposed FY26 Commonwealth budget, including investments in education, healthcare, and cannabis regulation, followed by a discussion on the future of Philadelphia’s row offices. Updates from the City covered Q2 fiscal projections and new federal funding reserves. The Board approved three resolutions: revenue analysis services, PICA’s FY26 operating…

At this meeting, the Board approved the reappointment of Executive Director Marisa Waxman and received updates from the City, including labor contract developments and early FY26 budget planning. Staff highlighted delayed responses from the City regarding wellness center spending and previewed upcoming reports on tax revenue forecasting and overtime. The Treasurer’s Report and a discussion…

In addition to regular reports and City updates, the Board will hear a presentation on grants administration benchmarking and recommendations. Members will review the minutes from the March meeting and open the floor for public comment. The agenda will also include time for new business before adjourning.

The Board will review minutes from the prior meeting, receive updates and staff reports, and invite public comment. Members will consider and vote on Resolution No. 2025-11, a recommendation regarding Row Offices. The meeting will conclude with time allotted for new business.

PICA approved its FY2026 Operating Budget, ensuring continued funding for the Authority’s financial oversight responsibilities. The approved budget will be submitted to the Governor and General Assembly of Pennsylvania.

PICA retained Charles Swanson to review and analyze revenue assumptions in the City’s FY2026-FY2030 Five-Year Financial Plan, for a fee not exceeding $9,000. This engagement ensures that PICA can assess the accuracy and reasonableness of the City’s financial projections.

PICA selected Karma Dharma to provide website design services, following a competitive RFP process in which 14 proposals were evaluated. The contract, valued at up to $30,000, includes the redesign of PICA’s website and four one-year renewal options at PICA’s discretion.

PICA reappointed Marisa G. Waxman as Executive Director for a new term, effective January 29, 2025. The appointment remains in effect until a successor is appointed, or her employment is otherwise terminated or resigned.

PICA renewed Ballard Spahr LLP’s engagement as General Counsel for one additional year, retroactive to February 20, 2025. The renewal follows the terms of the original agreement, which allows for three one-year renewal options at PICA’s discretion.

PICA approved the City of Philadelphia’s FY2025-FY2029 Five-Year Financial Plan, confirming that it meets statutory requirements. The approval ensures that the City’s financial projections and budget planning align with legal and fiscal standards.

PICA approved a 4.25% salary increase for Executive Director Marisa Waxman, raising her base salary effective November 1, 2024. The resolution also adjusts her vacation leave accrual rate to 9.3% of regular hours worked, capped at 24.3 days per year.

PICA engaged Guidehouse to provide grants administration analysis and best practices recommendations for the City of Philadelphia, with services running from October 23, 2024, to June 30, 2025. The contract, based on a competitive RFP process, is valued at up to $175,000.