On Monday, the Administration announced that federal agencies had met the goal set by President Obama of finding at least $100 million in administrative savings from their agency budgets. The 77 cost-savings measures identified by agencies would yield $102 million in savings this fiscal year (FY09) and about $140 million in savings in fiscal 2010. Most of the proposals pertain to asset management (e.g., facilities, equipment, and vehicles), energy and other resource usage, meetings and travel, procurement and contracting, and productivity or process improvements. The largest is a Pentagon plan to save $52 million in 2010 by using commercial jet fuel, but the vast majority would provide just modest savings.
July 28, 2009