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Budget Options for NYCDOE
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Budget Options for NYCDOE

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The Independent Budget Office has submitted a list of potential saving opportunities that the City of New York should consider and/or explore in order to manage its fiscal conundrum. It is up to the ...

The Independent Budget Office has submitted a list of potential saving opportunities that the City of New York should consider and/or explore in order to manage its fiscal conundrum. It is up to the new mayor to validate or completely disregard them altogether. I have compiled some of the eliminations and revenue generators recommended by the report that might have a negative and/or positive impact on the NYCDOE. I have placed the complete report on my blog-www.fiscalintelligence.og- for your perusal

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    Budget Options for NYCDOE Budget Options for NYCDOE Document Transcript

    • FISCAL INTELLIGENCEWWW.FISCALINTELLIGENCE.ORG|WWW.OPTIMIZATIONWITHANIMPACT.COM11The Independent Budget Office has submitted a list of potential saving opportunities that the City of New Yorkshould consider and/or explore in order to manage its fiscal conundrum. It is up to the new mayor to validate orcompletely disregard them altogether. I have compiled some of the eliminations and revenue generatorsrecommended by the report that might have a negative and/or positive impact on the NYCDOE.I have placed thecomplete report on my blog-www.fiscalintelligence.og- for your perusal.Thank you for your time and consideration. As usual, constructive feedback is always welcome and greatlyappreciated.Revising or Eliminating ProgramsEliminate Performance Bonus forPrincipals and Assistant Principals$5 millionEliminate Elementary and MiddleSummer School Program$22 millionImpose a One-Year Hiatus on theCreation of New Small Schools$14 millionInstitute Time Limits for ExcessedTeachersIn the Absent TeacherReserve Pool$73 millionEliminate City Dollars andContracts ForExcellence Funds forTeacher Coaches$27 millionTeacher CoachesEliminate Hiring Exception for NewSchoolsEliminate Public Funding ofTransportation For Private SchoolStudents$12 million$47 millionEncourage Classroom Teachers to $2 million1Budget Options for NYC published by Independent Budget Office (OBI)
    • FISCAL INTELLIGENCEWWW.FISCALINTELLIGENCE.ORG|WWW.OPTIMIZATIONWITHANIMPACT.COM2Serve JuryDuty DuringNoninstructional Summer MonthsEliminate the 20-Minute “BankingTime” For Certain EducationDepartment Staff$1 millionEliminate the Parent CoordinatorPosition$91 millionEnd the Department of Education’s Financial $45 million/annuallyRole as FIT’s Local SponsorIncrease the Workweek forMunicipal Employees to 40 hours$180 million$180 million$73 million$180 million$180 millionHealth Insurance Contribution byCity Employees and Retirees$489 millionIncrease the ServiceRequirementsFor Retiree Health Insurance$8 millionRevenue GeneratorsCharge Rent to Charter Schoolsin Shared Facilities$74 million