QUESTION
How is additional revenue estimated with each new city auditor, and what titles will be included in the November plan?
5:36:26
·
86 sec
The NYC Department of Finance confirms having a revenue estimation formula for each new city auditor and outlines titles included in the November plan.
- Revenue is estimated by type of tax and averages of what auditors typically bring in annually.
- The November plan will include 39 city tax auditors, aimed at boosting retention through promotions.
- Additionally, the plan also includes 3 clerical associates, 2 conciliations attorneys, and one collection specialist.
- The conciliations process is highlighted as a step for disagreements on tax issues before potential collection.
Justin L. Brannan
5:36:26
Okay.
5:36:28
Question about auditors, and the council talks a lot about trying to prioritize the revenue generating titles.
5:36:36
Especially now that the hiring freeze has been loosened a bit.
5:36:42
Do you have a formula for the amount of revenue that each additional order would generate for the city.
Preston Niblack
5:36:49
We have a yes.
5:36:53
We have a sort of by type of tax.
5:36:56
And we have a, you know, estimate of what people bring in on average each year.
5:37:02
So that's kind of what we use to generate an estimate of the revenue.
Justin L. Brannan
5:37:09
And what will it what will be the titles that are included in this peg for the November plan?
Preston Niblack
5:37:15
Right.
5:37:15
So we got 39 city tax auditors.
5:37:19
We also got some funding to help with promotions within the city tax auditors to work on retention, which is very important.
5:37:28
In addition to the 39 auditors, we have 3 clerical associates, 2 conciliations attorneys and one collection specialist.
5:37:41
Conciliations is where you go if you don't agree with us.
5:37:45
And we can't reach a resolution, then we can go to reconciliations.
5:37:50
And if that doesn't work, you know, you could end up in collections.