USPS falls short on savings estimates
- By FederalSoup Staff
- May 06, 2016
A new report shows that the U.S. Postal Service’s anticipated savings from cutting window hours at post offices have fallen short of projections, Government Executive reports.
According to a report from the Government Accountability Office, USPS used incomplete and inaccurate data to produce the savings projections it needed to provide to the Postal Regulatory Commission in order to proceed with its Post Office Structure (POSt) Plan.
USPS estimated it would save $500 million a year by trimming back post office business hours. In fact, GAO found, from fiscal 2012 through June 2015, USPS saved only $306 million over the period. USPS now has lowered its annual savings estimates to $337 million per year, the article notes.