ROI: A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. ROI measures the amount of return on an investment relative to the investment’s cost.
In a 7 month period, from July 1, 2015-January 31, 2016, the State of Alaska spent $1.5 million dollars on membership dues to 120+ groups.
From the Council of State Archivists ($2,500) to the Multistate Tax Commission ($122,000) – and everything in-between.
If everything is truly on the table, these memberships need to be reviewed for what benefit they are providing to the state. Are the benefits that come with membership worth the price of membership? That question should be asked by the state and the information should be shared with Alaskans.
Many people will say that $1.5 million is too small a number to care about. Don’t fall into the trap. If we are going to bring our budget in line with our revenue – we have to look at everything the state is spending money on. Many things are “nice to have” but not “need to have.”
Click here to see the list.