Mayor Mandates Chief Savings Officers for NYC Agencies
Mayor Zohran Mamdani today signed Executive Order 12 to designate an existing senior employee as "Chief Savings Officer" at every city agency and strengthen the long-term performance of city government. The Chief Savings Officers will report directly to the head of the agency and will have 45 days to review agency operations, determine services that deliver the strongest results for New Yorkers, and locate opportunities to streamline processes and eliminate waste. Chief Savings Officers will help protect the city services that New Yorkers rely upon and improve the efficiency of city government for years to come.
"Delivering public goods requires public excellence. That means a government that respects New Yorkers by using every dollar wisely. By designating a Chief Savings Officer at every agency, we're taking direct aim at waste, cutting through bureaucracy, and making city services work. These Chief Savings Officers will help ensure that every dollar we spend is in service of a safer, cleaner, and more affordable city - and that our government meets the standard New Yorkers deserve," said Mayor Zohran Kwame Mamdani.
Under Executive Order 12, each city agency will have five days to appoint a Chief Savings Officer and ensure they are empowered with the relevant staff and data to meet Mayor Mamdani's mandate. Chief Savings Officers will have 45 days to complete a comprehensive assessment of their agency's spending - analyzing the most expensive programs to understand major drivers of cost as well as the highest-performing programs to register services with clear and meaningful results. Additionally, they will determine opportunities to consolidate services, insource programs, and reduce wasteful expenses such as duplicative programs.
Chief Savings Officers will present their findings to the Offices of the First Deputy Mayor and Budget Director. In order to meaningfully stabilize the City's finances and lay the foundation for lasting government excellence, Chief Savings Officers will not focus on one-time accounting measures but rather on recurring savings and sustainable efficiencies. Additionally, Chief Savings Officers will complete updated assessments every six months, evaluating progress and identifying new opportunities for savings and efficiency.
Executive Order 12 follows yesterday's announcement that severe fiscal mismanagement by the Adams administration left New York City with a $12 billion budget shortfall over fiscal years 2026 and 2027.
https://www.nyc.gov/mayors-office/news/2026/01/mayor-mamdani-signs-executive-order-to-require-chief-savings-off.html
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