In June 2010, the City Council directed the Office of Management and Finance to convene a committee of economic and commercial experts to review PP&D's financial projections and 5-Year Financial Plan, in order to determine the financial feasibility of replacing the automated permit tracking system currently used by PP&D and other City development bureaus.
Since then, the Financial Advisory Committee has continued to meet each year to review and discuss PP&D's financial projections and financial modeling methodology as part of PP&D's budget planning process. At those meetings, we discuss and provide input on the current regional and national economic situation and weigh various options for PP&D's financial modeling process.
The Financial Advisory Committee includes members with economic, real estate, and/or development backgrounds and expertise.