The Division of the Budget’s (Division) current-year savings target is $9.2 million, reflecting the Governor’s order for a 10.35 percent reduction in projected agency spending.
The Division is currently expected to achieve its entire $9.2 million spending reduction target.
Major Savings Initiatives
The Division is already in the process of implementing the following actions to achieve their savings target:
Reductions in Personal Service spending, managed through a combination of attrition, on-going evaluation of the Division’s organizational structure and staffing plans, and selective filling of critical positions.
Placing additional restrictions on Non-Personal Service spending in areas such as travel, attendance at seminars and conferences, office equipment and technology acquisitions, limiting spending to essential spending only. The Division also continues to review its contractual services agreements to identify cost savings opportunities, including the elimination of services, and to ensure that all services procured are essential.