QUESTION
What analysis exists on the asylum cost adjustments in the preliminary plan?
4:58:57
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61 sec
The New York City Independent Budget Officer's Office is still examining factors behind the cost decline in asylum support, noting an alignment with their projections.
- The office is analyzing how the administration's assumptions on per diem costs contribute to cost decline.
- An update shows the cost difference between Independent Budget Office (IBO) predictions and the administration's numbers reduced from $4 billion to $2.4 billion.
- Additional state revenue included in the plan contributes to the decline.
- This results in a reduced city contribution towards asylum support costs.
Justin L. Brannan
4:58:57
What is your analysis of the asylum peg that was included in the prelim plan?
Sarita Subramanian
4:59:03
So I will say that we are still trying to really understand what is driving the decline in cost definitely trying to track, for example, how the administration has come to different assumptions regarding the per diem cost that they are reflecting.
4:59:25
In total, they Update is closer in line with what IBO has projected.
4:59:34
So back in November, the difference between IBL's estimate and the administrations was about 4,000,000,000 and that has reduced down to 2,400,000,000.
4:59:45
And we also acknowledge the additional state revenue that has it in the plan.
4:59:53
So ultimately, a decline in the city contribution towards the Salem's Secret costs.