Progress Reports – New York State Theatre Institute (NYSTI)

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  1. Spending Reduction Target
    • The New York State Theatre Institute (NYSTI) has a current-year savings target of $264,000 reflecting the Governor’s order for a 10.35 percent reduction in projected agency spending.
    • The agency is currently expected to achieve $110,000 of the $264,000 savings target. Given the relatively small size of NYSTI, additional reductions may compromise the agency’s ability to achieve its mission. They will continue, however, to work toward implementing additional savings actions to achieve a portion of their remaining target in a manner that does not compromise their core mission.
  2. Major Savings Initiatives
    • NYSTI is already in the process of implementing the following actions to achieve their savings target:
    • Workforce Reduction: NYSTI has reduced its Personal Service expenses by not backfilling a vacant position, reducing a full-time position to a temporary position, and filling a third position at a lower salary than the previous incumbent. As a result of these workforce reductions, NYSTI also generated associated savings in non-personal service spending.
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