Mayor Peyton brings a business mentality to city government and has successfully streamlined its operations.
Citywide Organizational Review
In 2005, Peyton established a citywide organizational effectiveness review. This ongoing comprehensive assessment includes a thorough analysis of each city department. The results include recommendations for eliminating redundancy, increasing effectiveness, better incorporating technology into daily operations, saving money, and improving management and performance across the board.
In all, reviews of several departments have identified potential recurring savings and cost avoidance of nearly $6 million.
Best Financial Practices
Peyton has worked to be a better steward of the taxpayers' money by implementing key financial policy changes, including:
- Creating a protected $40 million emergency reserve
- Devising the first-ever financially feasible Capital Improvement Plan that anticipates operating costs for future projects and includes these costs in future budgets
- Eliminating the use of one-time revenue for recurring expenses
- Speeding up and improving financial reporting
- Taking steps to stabilize the city's pension funds
Using Technology
Under Peyton's leadership, the Information Technology Department (ITD) has developed the city's first comprehensive and flexible five-year investment strategy. In addition to projecting funding needs over time, ITD has identified potential funding sources. Cost savings generated through various IT strategies will be reinvested in new solutions, mitigating the need for new capital.
These practices will, over time, ensure Jacksonville's long-term financial stability and predictability.