QUESTION
How is the 20% preliminary Program to Eliminate the Gap (PEG) amount set?
2:28:37
·
38 sec
The NYC Mayor's Office of Management and Budget (OMB) sets a 20% preliminary Program to Eliminate the Gap (PEG) amount by assessing potential cost savings through limiting contracts, managing down services, and optimizing staffing.
- The process begins with establishing a 20% cost savings goal.
- The feasibility of achieving this goal is evaluated by examining possibilities for reducing expenses in areas such as contracts, services, and staffing.
- Upon assessing the potential for cost reductions, the OMB concludes the 20% goal is achievable, leading to the setting of the preliminary PEG amount.
Mercedes Narcisse
2:28:37
How is the preliminary peg amount determined?
Jacques Jiha
2:28:41
We start with the 20% as a part of something that we need because this is what we needed to basically and and the question is whether or not there is whom there was room for them to achieve that cost savings after our own assessment.
2:28:57
We realize they have the the womb if we do what we see to what we're trying to do, which is to limit contracts, manage down services, And with your staffing, we realized we could achieve that 20% goal.
2:29:13
That's how we set that 20% goal.