Originally Posted by
Spectator
Thanks.
I had the lucidtext.com figures already.
I can't work out how the person has arrived at the Backlog as a % of Adjudicated figures. They do not match up to the published figures.
Agree with you that it is not matching published figures. I think his logic is previous years back log + receipts - adjudicated= current year backlog. I think he is working it back from 2006. Got curious seeing the number.
I can't go all the way back to FY2005 but I do have the Backlog at the end of FY2009 onwards.
The % on that basis is
FY2009 - 35% compared to 16% in article
FY2010 - 73% compared to 43% in article
FY2011 - 173% compared to 131% in article
FY2012 - 108% compared to 85% in article
I actually think the backlog raw number is more important.
Agree with you "][/COLOR]
The current 6,075 I-526 cases pending represents 14,094 EB5 approvals (142% of normal quota) at the current 80% approval rate for I-526 and the 2.9 immigrants per approved I-526.
Historically, using the same assumptions (actually, in some years approval % have been higher), the corresponding number of EB5 approvals in the backlog at the end of the FY has been
FY2009 - 1,192 = 12% of normal quota
FY2010 - 2,610 = 26% of normal quota
FY2011 - 7,765 = 78% of normal quota
FY2012 - 11,642 = 117% of normal quota
At the point the backlog stops growing (or worse starts to decrease), there is a potential explosion in EB5 approvals. Only the current very slow adjudication process by USCIS is keeping the numbers in check.