QUESTION
What factors have contributed to the increasing costs associated with waste export activities in recent years?
1:51:17
·
45 sec
The commissioner explains that the increased costs are largely tied to contractual price changes from the city's waste export vendors, driven by changes in the Consumer Price Index (CPI) and inflation.
- The costs are primarily driven by higher contractual rates charged by private vendors that export NYC's waste
- These vendor rate increases are a result of rising inflation and CPI over the past few years
- The commissioner cites these external economic factors as the main reasons for ballooning waste export expenses
- No other major factors contributing to the cost increases are mentioned
Shaun Abreu
1:51:17
There have been ballooning costs over the past past years, and I think you started getting into some of the factors that contributed to that.
1:51:24
Over the past 4 fiscal years, Waste X board costs have steadily increased with the budget rising from 420,000,000 in fiscal year 21.
1:51:35
Adopted budget to 471,000,000 in fiscal year 25 in the executive plan, reflecting growing expenses associated with waste export activities.
1:51:45
Can you elaborate on the factors contributing to the increase in costs associated with waste export over the past few years.
Jessica Tisch
1:51:53
The increased costs are larger, as I mentioned, tied to the contractual price changes of our export vendors, which are the result of CPI changes and inflation.