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City of New York – Benefits-funded solutions
Increasing revenues without raising taxes
Strategies that increase government revenues without increasing taxes deserve close attention. Many agencies have debt collection responsibilities: tax departments collect taxes, courts and finance departments collect fines, human services agencies collect child support payments and labor departments are responsible for unemployment insurance. CGI is a proven strategic collections partner that is willing to share in risk and reward. We have helped numerous government agencies address the lack of available upfront funding through a benefits-funded approach. Our strategy enables agencies to:
Maximize debt-collection through centralization: While some agencies may consider debt collection to be part of their core competency, the mission of most agencies is to provide services, not collect debt. Without a debt-collection focus and a critical mass of debts, many agencies are collecting significantly less than they could. As a result, states and municipalities are losing tens, if not hundreds, of millions of dollars each year.
Eliminate upfront investment costs: Significant new revenues can be realized through advanced collection case management and workflow tools and centralized debt collection. Yet, jurisdictions often cannot direct scarce dollars to pay for the upfront costs of such technology improvements. CGI has helped numerous government agencies eliminate such upfront capital investments using a benefits-funded approach in which CGI is only paid out of a portion of the increased collections.