Thursday, May 28, 2015

Katz resigns as PICA chairman

Sam Katz today stepped down as chairman of the Pennsylvania Intergovernmental Cooperation Authority, the state-appointed board that oversees the city’s finances.

Katz resigns as PICA chairman

Katz
Katz

Sam Katz today stepped down as chairman of the Pennsylvania Intergovernmental Cooperation Authority, the state-appointed board that oversees the city’s finances.

Katz, a three-time mayoral candidate and municipal-finance consultant, sent his resignation letter to fellow Republican Gov. Corbett, who appointed Katz in 2011.

“PICA has recently hired a new Executive Director, the third director during my three year tenure. This seems like the right time for me to exit to make way for another Board leader who can envision a new direction for PICA and work collaboratively to execute it with our new executive and other members of our dedicated Board.”

Katz recently has spent a considerable amount of time working on his historical documentary series, "Philadelphia: The Great Experiment."

Under Katz’ leadership, PICA several times asked the Nutter administration to revise its five-year financial plan, which the board must approve every year for the city to continue receiving state support.

PICA never rejected the plan, but it came close in 2012, when board member Sam Hopkins voted against it and Katz publicly flirted with joining him. It only takes two of PICA’s five members to defeat a five-year plan.

The new executive director is Harvey Rice, former chief of staff to City Controller Alan Butkovitz.

The other four board members are appointed by legislative leaders from both parties in Harrisburg.

About this blog
William Bender, a Drexel graduate who landed at the Daily News in 2007, has covered everything from South Philly mobsters to doomsday hucksters. He occasionally writes about local food trucks and always eats everything on his plate, whether it be a bloody rib eye or a corrupt politician. E-mail tips to benderw@phillynews.com
 Follow William on Twitter

David Gambacorta, has been a reporter with the Daily News since 2005, covering crime, police corruption and all of the other bizarre things that happen in Philadelphia. Now he’s covering the 2015 mayor’s race, because he enjoys a good circus just as much as the next guy. He’s always looking to get a cup of coffee. Send news tips and other musings on life to gambacd@phillynews.com
 Follow David on Twitter

PhillyClout Team
Also on Philly.com
letter icon Newsletter