Your guide to NYC's public proceedings.
QUESTION
Why is there a decrease in the capital plan and how are capital needs prioritized?
1:41:57
·
54 sec
The NYC Department for the Aging explains the decrease in the capital plan and the approach to prioritizing capital needs.
- The reduction in the capital plan from $80,300,000 to $72,300,000 is partly attributed to PEG (Program to Eliminate the Gap) targets.
- Many plant projects are postponed to future years instead of being reduced or eliminated.
- Capital needs are prioritized based on the immediate impact on health, safety, and service provision capabilities.
- The prioritization process focuses on the maintenance of physical plants and ensuring uninterrupted service delivery.
Crystal Hudson
1:41:57
Do you know the rationale for the decrease in the capital plan from $80,300,000 to $72,300,000?
Jose Mercado
1:42:04
Well, it'd be part of that is basically the PEG targets.
Crystal Hudson
1:42:10
And do you know any significant projects that were impacted and whether they were reduced, eliminated, or rolled into the out years of the plan?
Jose Mercado
1:42:18
Well, there are a lot of plant projects that we're just pushing out years.
Crystal Hudson
1:42:21
Out years.
1:42:22
Okay.
1:42:24
And how are you prioritizing capital needs requests?
Jose Mercado
1:42:32
Well, I think, for example, as they come to us, we look at which that's the list we're gonna get you.
1:42:37
Okay.
1:42:37
That's we're gonna get you.
1:42:38
We'll let you know what you want.
Lorraine Cortes-Vasquez
1:42:39
But for us, it's physical plant Mhmm.
1:42:43
Anything that prevents provision of services.
1:42:45
That's how we would prioritize.
1:42:50
It's health and safety.