USPS Gives its Regulator a Budget Boost

The USPS Board of Governors recently approved a $21.12 million budget for the Postal Regulatory Commission in fiscal 2024. USPS said that “combined with the PRC’s other resources,” the commission will have $27.2 million to spend next fiscal year. USPS said the commission’s FY 2024 budget is a 28% spending increase, compared to its estimated spending for fiscal 2023, and a 47% increase over the PRC’s actual expenses in fiscal 2022. The commission requested increased funding to oversee sweeping USPS network changes. The commission, until recently, went through Congress to fund its budget each year. But the Postal Service Reform Act signed into law a year ago brought the PRC back to a system where the USPS Board of Governors approves its budget.