Several programs were implemented in 2016 – 17 to increase collection efforts for ECB-related fines. Did they work?
Each year the Department of Finance is required to make a public report on ECB-related outstanding judgment debt that was referred to collection. We’ve highlighted the most critical parts of the report and summarized them below:
But that’s just for FY17 – these three agencies make up the largest chunk of ECB-related debt inventory overall from the Department of Finance.
In total, the DOB has $881,230,562 in debt inventory, spread out across 113,119 individual violations (average = $7,790.30 per summons). In fact, the total DOB penalty amount in collections are double the base fines – about $442 million to $219 million, with $219 million in interest alone.
The numbers for Sanitation are even more interesting – there’s almost a million Sanitation tickets in judgment collection, totaling over $332 million. On average, each ticket carries about $336.80 worth of judgment debt.
Based on these numbers, it’s safe to say that while Sanitation tickets are issued much more frequently and usually carry lower penalties, DOB summonses tend to have exponentially higher fines, and can rapidly swell in collections with penalties and interest. The same can be said for FDNY tickets, which have a $6,341.35 judgment average per summons.
All agencies combined, about 1.3 million tickets are in the DOF’s collections inventory, totaling over 1.5 billion in fines.
Want more stats? Check out the FY17 report, and stay tuned for FY18 later this year.