Financial Focus: Board of Elections Math

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By Professor Anthony Rivieccio MBA PFA

Early voting, as per the NY Board of Elections is a new phonemon,  where we have 9 days before Election day to vote. 

So as we speak, every district in all of NYC is consolidating their polling stations and receiving voters. The BOE trained several workers prior to the process for several positions , from the information table- to the scanner people– to the coordinators.

Sure every vote counts, but how much in dollars is it?.

I have just finished covering a polling site in The Bronx, for 6 days ( out of 9). As of today, this site has 264 voters . As of today this site has 30 workers, all receiving $250 a day.

So if we ” streched” this out from 6 days to 9- on average, you would have 396 voters or votes . Since 30 people would be working all 9 days, the economic cost will be $67,500. 

In simple terms , then each vote would be worth $170.45. While I will not mention the polling site, what I will say is that in year 2017, in the General Election, before Early voting was created, the polling site received 2200 votes. Thus, early voting , based on the above numbers brings in 18% of the early vote. 

Is getting 18% of the early vote worth $67,500?. Is it worth paying $170.45 per vote to do so?.  

Even worse, that’s just one district. If we cover 10 districts, thus The Bronx, we are looking at appox $675,000 for the cost. Add the other 4 boroughs, $2,7 million .

Wait a minute!. How much is Deblasio paying now for that COVID shot? 

Professor Anthony Rivieccio, MBA PFA, is the founder of The Financial Advisors Group, celebrating its 25th year as a full service financial planning & investment firm . Anthony is also owner of Rivieccio Financial Advisors, a virtual only financial advisory firm, opened in 2021. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Co-Op City News, The Bronx News, thisisthebronX.info and The Bronx Chronicle. Mr.  Rivieccio also pens a financial article called “Money Talk”. Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University. For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My personal page is www.facebook.com/anthonyfromthebronx

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