2013 Consolidation Savings Expected to be 40 Percent Higher Than Expected
The latest projections show that consolidation savings for 2013 are at least 40 percent greater than what was initially projected by the Joint Shared Services and Consolidation Commission in 2010- at least $2.26 million v. $1.61 million.
There’s also an additional $350,000-$400,000 in savings for next year, achieved by combining old contracts, health benefit plans and signing new contracts, according to Scott Sillars, a member of the Transition Task Force’s Finance Subcommittee
The finance subcommittee has both calculated high and low consolidation savings projects from 2013-2016, the period of time it will take Princeton to fully consolidate.
Consolidation savings for 2014 were estimated at $3.1 million. Updated projections show that amount could fluctuate from $2.6 million to $3.6 million.
Consolidation savings for 2015 were estimated at $3.6 million. Updated projections show that amount could fluctuate from $2.6 million to $4 million.
Why the additional savings?
Basically, it’s because the transition task force charged with implementing consolidation came up with slightly different recommendations than the Commission.
Due to attrition, there are only 54 sworn police officers in the Borough and Township, whereas the Consolidation Commission had recommended reducing to 60 officers beginning in 2013. Princeton already is down six officers from that recommendation.
This article originally appeared in the Princeton Patch. To read the full article, click here.