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FISCAL INTELLIGENCE
WWW.FISCALINTELLIGENCE.ORG|WWW.OPTIMIZATIONWITHANIMPACT.COM
1
1
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.
Thank you for your time and consideration. As usual, constructive feedback is always welcome and greatly
appreciated.
Revising or Eliminating Programs
Eliminate Performance Bonus for
Principals and Assistant Principals
$5 million
Eliminate Elementary and Middle
Summer School Program
$22 million
Impose a One-Year Hiatus on the
Creation of New Small Schools
$14 million
Institute Time Limits for Excessed
TeachersIn the Absent Teacher
Reserve Pool
$73 million
Eliminate City Dollars and
Contracts ForExcellence Funds for
Teacher Coaches
$27 million
Teacher Coaches
Eliminate Hiring Exception for New
Schools
Eliminate Public Funding of
Transportation For Private School
Students
$12 million
$47 million
Encourage Classroom Teachers to $2 million
1
Budget Options for NYC published by Independent Budget Office (OBI)
FISCAL INTELLIGENCE
WWW.FISCALINTELLIGENCE.ORG|WWW.OPTIMIZATIONWITHANIMPACT.COM
2
Serve JuryDuty During
Noninstructional Summer Months
Eliminate the 20-Minute “Banking
Time” For Certain Education
Department Staff
$1 million
Eliminate the Parent Coordinator
Position
$91 million
End the Department of Education’s Financial $45 million/annually
Role as FIT’s Local Sponsor
Increase the Workweek for
Municipal Employees to 40 hours
$180 million$180 million
$73 million
$180 million
$180 million
Health Insurance Contribution by
City Employees and Retirees
$489 million
Increase the Service
Requirements
For Retiree Health Insurance
$8 million
Revenue Generators
Charge Rent to Charter Schools
in Shared Facilities
$74 million

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Budget Options for NYCDOE

  • 1. FISCAL INTELLIGENCE WWW.FISCALINTELLIGENCE.ORG|WWW.OPTIMIZATIONWITHANIMPACT.COM 1 1 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. Thank you for your time and consideration. As usual, constructive feedback is always welcome and greatly appreciated. Revising or Eliminating Programs Eliminate Performance Bonus for Principals and Assistant Principals $5 million Eliminate Elementary and Middle Summer School Program $22 million Impose a One-Year Hiatus on the Creation of New Small Schools $14 million Institute Time Limits for Excessed TeachersIn the Absent Teacher Reserve Pool $73 million Eliminate City Dollars and Contracts ForExcellence Funds for Teacher Coaches $27 million Teacher Coaches Eliminate Hiring Exception for New Schools Eliminate Public Funding of Transportation For Private School Students $12 million $47 million Encourage Classroom Teachers to $2 million 1 Budget Options for NYC published by Independent Budget Office (OBI)
  • 2. FISCAL INTELLIGENCE WWW.FISCALINTELLIGENCE.ORG|WWW.OPTIMIZATIONWITHANIMPACT.COM 2 Serve JuryDuty During Noninstructional Summer Months Eliminate the 20-Minute “Banking Time” For Certain Education Department Staff $1 million Eliminate the Parent Coordinator Position $91 million End the Department of Education’s Financial $45 million/annually Role as FIT’s Local Sponsor Increase the Workweek for Municipal Employees to 40 hours $180 million$180 million $73 million $180 million $180 million Health Insurance Contribution by City Employees and Retirees $489 million Increase the Service Requirements For Retiree Health Insurance $8 million Revenue Generators Charge Rent to Charter Schools in Shared Facilities $74 million