Budget Issues:

Capital Budgeting Practices in the States

AFMD-86-63FS: Published: Jul 15, 1986. Publicly Released: Jul 15, 1986.

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In response to a congressional request, GAO obtained information on the states' capital budgets.

GAO found that of the 45 states responding to a questionnaire: (1) 37 have a distinct capital budget; (2) 13 do and 17 do not combine their capital and operating amounts into an overall unified budget total; (3) 7 use various other procedures to report their capital budget amounts; (4) 15 do not link long-term borrowing to the life of the asset; (5) 19 link long-term borrowing to assets; (6) 22 report the principal and interest payments on their capital debt within their noncapital budget; and (7) 3 report principal and interest payments in capital and noncapital budgets. GAO also found that: (1) the three largest sources of revenue for capital expenditures are general taxes, long-term borrowing, and federal funds; and (2) it could not determine whether long-term borrowing is linked to assets for three states.

Oct 12, 2017

Sep 20, 2017

May 3, 2017

Jan 18, 2017

Jan 17, 2017

Jan 12, 2017

Dec 20, 2016

Dec 8, 2016

  • budget icon, source: GAO

    State and Local Governments' Fiscal Outlook:

    2016 Update
    GAO-17-213SP: Published: Dec 8, 2016. Publicly Released: Dec 8, 2016.

Dec 1, 2016

Nov 17, 2016

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