Outsourcing and Privatization
Outsourcing and Privatization are strategic approaches used by local and state government agencies to improve efficiency and reduce costs by contracting out services or transferring public functions to the private sector. These methods can lead to significant savings and enhanced service delivery but also come with accountability and public oversight challenges. This directory provides articles on related topics like Finance, as financial management ensures that government operations are sustainable and resources are allocated efficiently to meet public needs.
A resource with real-world examples is designed to help governments that want to pursue public-private partnerships, P3s, for transportation projects.
Pay-for-success creates better outcomes for Federal, state, and local governments, according to the Obama Administration.
The city of Flint, Mich. is depending on the UM-Flint GIS Center to uncover where lead pipes lay within its tainted public water system.
The world’s largest manager of infrastructure assets, Macquarie Group, believes the market for privatizing public assets will be vibrant in the coming years. As a result, the company is seeking to raise $2 billion for a fund to invest in public infrastructure.
The city of Normal, Illinois, which spends $26.7 million per year to bus 11,000 students, is reviewing two bids that would outsource the bussing system to a private operator.
A $7 billion public-private-partnership in Chicago aims to improve everything from O’Hare airport to streets, water systems, schools, parks, rail and colleges.
The City of Methuen, Mass., will likely outsource its four-person IT department, initiating a one-year agreement with RetroFit Technologies that could yield considerable savings.
Facing a $3.7 million budget deficit, East Chicago is looking at a proposal to privatize ambulance service, which would save a projected $1.4 million. But an interesting sidebar would be the private service’s ability to collect on unpaid bills.
On July 1, the city of Sparks, Nevada, began outsourcing a majority of its street sweeping duties to a private, California-based contractor. The move will save the city approximately $107,000 in the first year.
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