"The city currently has a municipal vacancy rate of about 4.3%; as of Jan. 31, there were 13,294 vacancies out of the 307,777 authorized positions in city government."
"Calabrese told amNewYork that it's easy to see the savings from vacant city positions on the surface. The math is quite simple, right? Fewer employees means your personnel expenses will be lower."
"Calabrese said, 'It's one of those things in which there's a kernel of truth, but the truth is actually much more complicated.'"
New York City faces a $5.4 billion budget shortfall, prompting City Council and City Hall to seek savings creatively. Mayor Zohran Mamdani and City Council Speaker Julie Menin have shown support for a proposed pied-a-terre tax on second homes. Despite the unpopular property tax hike in the preliminary budget, the City Council's response includes over $800 million in savings from vacant city jobs, even as they plan to fill these positions. The city's vacancy rate stands at 4.3%, with significant variations across agencies.
Read at www.amny.com
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