Wednesday, January 15, 2020

Cost analysis backing BLM move comes under scrutiny

Experts say the cost-benefit analysis used by the Interior Department to justify its plan to relocate the Bureau of Land Management (BLM) outside of Washington is incomplete and does little to back the agency’s reasoning that the move will save taxpayers millions. “This is a highly incomplete basis for informing a policy decision,” said Craig Thornton, an economist and president of the Society for Benefit-Cost Analysis, who reviewed the documents at the request of The Hill. The cost-benefit analysis created by Interior, which was obtained by The Hill, is just two pages — a brief synopsis when breaking down the financial pros and cons of a decision that could typically fill a binder. The figures, shared with members of Congress in August about a month after Interior announced it would move nearly all of BLM’s D.C.-based staffers to offices out West, estimates the relocation will save $123 million over 20 years through reduced salary and lease costs. But the document lacks key details to explain the savings, giving only top-line figures without explaining how many employees they believe will move, nor how much it will cost to move each employee...MORE

No comments: