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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.
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.
March 15, 2016 Board Meeting Minutes
The PICA Board met on March 15, 2016, to review the Five-Year Financial Plan, approve the election of a new Board Chair, and discuss the proposed Sweetened Beverage Tax. The Board approved Kevin Vaughan as Chair and debated the tax’s impact on bond ratings and revenue forecasts.
April 19, 2016 Board Meeting Minutes
The PICA Board met on April 19, 2016, to review real estate tax assessments, discuss tax collection trends, and approve a resolution thanking former Chair Suzanne Biemiller for her service. The Board also received updates on the City’s Five-Year Plan review process.
May 17, 2016 Board Meeting Minutes
The PICA Board met on May 17, 2016, to review the Five-Year Plan review process, approve a motion to study DROP costs, and discuss the Sweetened Beverage Tax’s financial impact. The Board approved a motion to work with the City and Council on an updated DROP analysis.
June 21, 2016 Board Meeting Minutes
The PICA Board met on June 21, 2016, to review budget performance, approve contracts for revenue analysis and arbitrage services, and discuss overtime spending related to the Democratic National Convention (DNC). The Board approved resolutions engaging Charles Swanson for revenue forecasting and Parker Bond Consulting for arbitrage calculations.
February 16, 2016 Board Meeting Minutes
The PICA Board met on February 16, 2016, to review financial reports, approve the FY17 PICA Operating Budget, and discuss City pension issues. The Board approved a resolution urging the City to adopt pension reforms while debating funding strategies for the pension system.
January 19, 2016 Board Meeting Minutes
The PICA Board met on January 19, 2016, to discuss City budget processes, pension fund performance, and the impact of state budget delays on Philadelphia. The Board also reviewed tax revenue trends and the transition to program-based budgeting for FY17.
November 17, 2015 Board Meeting Minutes
The PICA Board met on November 17, 2015, to review the annual audit report, discuss the financial impact of the Pope’s visit, and address City overtime costs. The Board also raised concerns over a new $83 million Unified Call Center contract.
October 20, 2015 Board Meeting Minutes
The PICA Board met on October 20, 2015, to review tax revenue performance, discuss the backlog of real estate tax appeals, and assess the financial impact of the Pope’s visit. The Board also debated hiring external contractors to expedite property assessment appeals.
September 22, 2015 Board Meeting Minutes
The PICA Board met on September 22, 2015, to approve the FY16 meeting schedule, discuss the delayed resolution of real estate tax appeals, and review City overtime costs. The Board also debated strategies to improve tax revenue collection and fiscal transparency.
July 16, 2015 Board Meeting Minutes
The PICA Board met on July 16, 2015, to approve the FY2016-2020 Five-Year Financial Plan, elect officers, and discuss pension fund investment challenges. The Board debated the City’s assumptions about long-term revenue growth and labor costs.