Fri. Jun 14th, 2024

USPS gives its regulator a budget boost – but not enough for ‘increased capacity’

September 13, 2023

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The Postal Regulatory Commission said in a press release last week that it recently submitted a revised budget request of $22.613 million for FY 2024 to the USPS Board of Governors.

The commission said it submitted the revised budget request “in response to correspondence and discussions” with the USPS Board of Governors, regarding its initial budget request of $23.399 million.

The PRC said its revised budget request only covers increases in its fixed costs for fiscal 2024, “and does not fund increased capacity in fiscal 2024.”

Its initial request sought to fund increases to fixed costs, including inflationary adjustments to wages and benefits, lease payments and the addition of five full-time equivalent employees.

DeJoy, in an exclusive interview in July, said USPS was putting up with “nonsense” from the PRC’s public inquiry, and that the probe would draw out some of the agency’s most urgent reforms as it tries to turn around its long-term financial losses.

“Who is the Postal Service going after on this whole thing?” DeJoy said, adding that USPS is committed to meeting its service standards for on-time delivery of mail and packages. “We don’t need to be babysat.”

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