Budget Issues:

Capital Budgeting Practices in the States

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

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

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.

Jun 28, 2018

Jun 21, 2018

Apr 3, 2018

Feb 6, 2018

Oct 12, 2017

Oct 2, 2017

  • budget icon, source: GAO

    U.S. Territories:

    Public Debt Outlook
    GAO-18-160: Published: Oct 2, 2017. Publicly Released: Oct 2, 2017.

Sep 20, 2017

May 3, 2017

Jan 18, 2017

Jan 17, 2017

Looking for more? Browse all our products here