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What percentage of the total cost of the MoCaFi migrant debit card program will be administrative fees by January 2025?
2
Resolution / Starting Odds
Less than 30% • 25%
30% to 35% • 25%
35% to 40% • 25%
More than 40% • 25%
Financial reports from New York City government or MoCaFi
Story
NYC Expands MoCaFi No-Bid Migrant Debit Card Program Amid Cost Concerns
Jul 7, 2024, 02:22 PM
New York City is expanding its pre-paid debit card program for migrants, allocating millions of dollars to support the initiative. The program, which involves a no-bid contract with MoCaFi inked in January, has faced criticism for its high administrative costs. In the first half of the one-year contract, NYC taxpayers paid or owe MoCaFi $211,000 for $648,000 in payouts to migrants, resulting in a 33% fee rate. Through late June, the program has racked up about $850,000 in costs, with the city considering extending the contract to reduce these fees. Critics argue that the program's design has led to excessive costs, benefiting the vendor more than the migrants.
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Yes • 50%
No • 50%
Less than $1 million • 25%
$1 million to $2 million • 25%
$2 million to $3 million • 25%
More than $3 million • 25%
0-10% • 25%
11-20% • 25%
21-30% • 25%
More than 30% • 25%
Reduced to 10% or less • 25%
Reduced to between 10% and 12.5% • 25%
Reduced to between 12.5% and 15% • 25%
No reduction • 25%
Yes • 50%
No • 50%
Program expanded further • 25%
Program remains the same • 25%
Program scaled back • 25%
Program terminated • 25%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Less than 10,000 • 25%
10,000 to 15,000 • 25%
15,000 to 20,000 • 25%
More than 20,000 • 25%
