QUESTION
How do shelter time limit notices contribute to cost reduction in NYC shelters?
0:42:05
·
76 sec
Jacques Jiha explains that $1 billion in savings is planned, partly due to a reduction in shelter population through 30 and 60-day time limit notices.
- Shelter time limit notices play a crucial role in the city's strategy to save $1 billion.
- The 30 and 60-day policy results in a 49% retention rate reduction after 30 days, with an additional 33% leaving afterward.
- The overall success of this policy reduces the shelter population retention rate to 16%, which is vital for long-term sustainability.
- Reduction in shelter population is a key element of New York City's fiscal strategy to manage expenses and avoid dependency on provisional emergency grants (pegs).
Adrienne E. Adams
0:42:05
I know my colleagues want want to talk to you about that in particular, but I'm gonna ask how much of the cost reduction is the result of shelter time limit notices.
Jacques Jiha
0:42:16
We currently, as I said, we indicated to you that we $1,000,000,000 of the savings that we plan on taking is basically assuming that we're going to wind down or stabilizing the sensors.
0:42:31
And the 30 60 day policy right now is a big piece of that strategy because that's all we have.
0:42:39
As you can imagine, what we see historically, there is a 50% retention rate, 49% retention rate.
0:42:47
In other words, after 30 days, people leave the system back on on their own.
0:42:52
With the 30 days and and 60 day policy, we have an additional 33%.
0:42:56
Of people leaving, okay, bringing us the retention rate down to like 16%.
0:43:02
So it's very important.
0:43:03
The big piece of the strike strategy that we have in terms of driving than the population.
0:43:08
Because if you don't drive the down the population, I don't know how we're gonna sustain this in a long one.
0:43:13
Because as I said, we have over relied on pegs in the 1st year and a half to fund these alarm circuit prices.