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AGENCY TESTIMONY
Department of Finance vacancies and lost revenue opportunities
0:17:25
·
84 sec
The testimony highlights the critical impact of vacancies in revenue-generating and revenue-capturing positions within the Department of Finance. These vacancies are resulting in significant lost revenue opportunities for the city.
- There are currently 20 vacant positions for city tax assessors, representing a 6% vacancy rate.
- Additional auditor positions could bring in millions of dollars in revenue if properly staffed.
- The Department of Finance has an historically low headcount at a time when it's needed most, described as a 'tax cut by neglect'.
Henry Garrido
0:17:25
In the Department of Finance, which is another great source of revenue, I want to highlight the critical impact of vacancies in revenue generating and revenue capturing positions across the board and city agencies.
0:17:38
From tax assessors and auditors to enforce officers, those roles bring in essential funding that the city relied on in for its operation.
0:17:48
There are currently 20 postings of city task assessors, a 6% break and see rate, and, additional auditors in the 1,000,000 of additional dollars that could be achieved if we were staffing it correctly.
0:18:04
E every unfilled position represents lost revenue exacerbating our budget shortfall and further straining city resources.
0:18:12
Let me say this.
0:18:13
This is a tax cut by neglect to the overreach of the city of New York.
0:18:19
We have never had a lower headcount in finance when we needed the most.
0:18:26
We have never had a lower headcount where we've been able to negotiate increased salaries to recruit and retain folks in the Department of Finance.
0:18:35
Investing in these roles in a it's not only a net positive for the city finances, yet these positions remain on field even if they offer some of the clearest return on investment.
0:18:46
This is short sighted and counterproductive.