QUESTION
What factors are causing DCAS capital plan to decline, and what is the commitment rate?
0:20:51
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62 sec
The decline in DCAS capital budget is attributed to capital stretch and cuts, totaling a $1,000,000,000 reduction across various projects.
- Capital stretch and cuts imposed by the administration lead to a $1 billion reduction in the capital plan.
- Reductions include $326,400,000 for public buildings, $187,700,000 for courts projects, and smaller amounts for real property, energy management, and resiliency and technology projects.
- These cuts will hinder the ability to advance projects unless funding is restored in the 5-year plan.
- The detailed figures show the specific areas affected by the budget cuts.
Lincoln Restler
0:20:51
What is driving the decline in Decast's capital plan and what is Decast's capital commitment rate?
Sana Barakat
0:20:57
Do you want to take that?
Jaclyn Jacobs
0:21:01
Hi, Jacqueline Jacobs.
0:21:02
This is the commissioner of fiscal and business management.
0:21:05
So this decline in the capital budget is largely due to the capital stretch and cuts that were imposed by the administration in the preliminary budget testimony.
0:21:16
There was a $1,000,000,000 reduction in the capital plan, which consists of 326 $400,000 for public buildings, a 187,700,000 for quartz projects, 350,000 for real property, 295,000,000 for energy management projects, and 220,000,000 for other resiliency and technology projects while these active projects.
0:21:44
These reductions will impact our ability to advance projects if on if funding is not stored into the 5 year plan when needed for project registrations.