"Under Executive Order 12, according to a press statement from the city, each agency will now have five days to appoint an existing senior employee as Chief Savings Officer and grant them the relevant staff and information. This employee 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 try to replicate successes."
"CSOs will report directly to the heads of their agencies and will present their findings to the First Deputy Mayor and Budget Director. In order to stabilize the city's finances, CSOs will not focus on one-time accounting measures but rather on recurring savings and sustainable efficiencies, and will complete updated assessments every six months."
"Executive Order 12 follows an announcement on Wednesday that the city is facing a $12 billion budget shortfall over fiscal years 2026 and 2027, which Mamdani attributed to fiscal mismanagement by the Adams administration."
Executive Order 12 requires every city agency to appoint an existing senior employee as Chief Savings Officer within five days and provide necessary staff and information. Each CSO has 45 days to complete a comprehensive assessment of agency spending, identifying the most expensive programs, major cost drivers, and highest-performing programs to replicate successes. CSOs must determine where services can be consolidated or cut, including redundant or unnecessarily outsourced programs. CSOs will report to agency heads and present findings to the First Deputy Mayor and Budget Director, focusing on recurring savings and updated assessments every six months. The order follows a reported $12 billion shortfall for fiscal years 2026–2027.
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