Governor Deval Patrick's Five Year Capital Investment Plan FY2011 - FY2015

Governor's Capital Investment Plan FY2011

Aggregate FY11-15 Capital Investment Plan


The full five-year capital investment plan by major investment categories is presented below.  All specific projects and programs expected to be funded in fiscal year 2011 are identified in Appendix C, and descriptions of all of these projects and programs are included in Appendix D.  It should be noted that many of the projects funded in fiscal year 2011 are multi-year projects with costs that will be incurred in subsequent fiscal years; these projected future costs have been taken into account in making investment category reservations for future years.  It is also important to note that projects will evolve and change, and A&F intends to adjust the capital plan during the fiscal year as circumstances dictate.  Each new fiscal year A&F will also undertake a formal reassessment of capital investment needs to develop an annual update to the five-year capital plan.

Total Bond Cap by Year and by Major Investment Category

 

The following table and chart show the allocation of bond cap spending by year and then by major investment category.  Note that fiscal year 2011 includes $140 million in unused capacity from the prior fiscal year.

This bar graph show the budgeted bond cap between the years of FY11 through FY15.

FY11-15 Capital Investment Plan
Total Bond Cap
($thousands)
  FY11 FY12 FY13 FY14 FY15 5-Year Total % of 5-Year Total
Community Investments 235,224 237,746 239,084 239,767 239,796 1,191,617 13%
Corrections 17,236 31,000 52,000 74,750 80,550 255,536 3%
Courts 75,438 50,621 52,750 107,100 131,100 417,008 4%
Economic Development 118,328 118,951 131,094 132,499 134,500 635,372 7%
Energy & Environment 109,653 101,431 104,051 105,451 107,851 528,437 6%
Health & Human Services 99,890 86,300 46,500 58,646 63,000 354,336 4%
Higher Education 134,095 166,425 262,000 258,900 258,900 1,080,320 11%
Housing 168,000 168,000 171,000 173,000 178,000 858,000 9%
Information Technology 97,194 83,192 84,337 87,005 89,013 440,741 5%
Public Safety 18,518 20,303 27,100 44,275 49,954 160,151 2%
State Office Buildings & Facilities 102,219 112,212 66,809 49,650 56,150 387,040 4%
Transportation 589,205 573,820 638,275 668,957 736,186 3,206,443 34%
Total 1,765,000 1,750,000 1,875,000 2,000,000 2,125,000 9,515,000  

 

Total Capital Spending by Year and by Major Investment Category

The following chart and table show the allocation of total capital spending from all sources by year and source and then by major investment category.  A description of the sources of funding follows.

This bar graph show the budgeted all sources of funds between the years of FY05 through FY15.

FY11-15 Capital Investment Plan
All Sources of Funding
($thousands)
  FY11 FY12 FY13 FY14 FY15 5-Year Total % of 5-Year Total
Community Investments 299,460 283,746 278,084 277,267 275,796 1,414,353 8%
Corrections 17,236 31,000 52,000 74,750 80,550 255,536 1%
Courts 75,438 50,621 71,321 122,671 143,921 463,970 3%
Economic Development 203,792 193,639 191,388 182,499 184,500 955,817 5%
Energy & Environment 214,688 201,431 204,345 205,745 208,146 1,034,354 6%
Health & Human Services 99,890 88,300 53,500 63,846 68,000 373,536 2%
Higher Education 191,445 240,725 276,850 258,900 258,900 1,226,820 7%
Housing 322,499 240,216 171,000 173,000 178,000 1,084,715 6%
Information Technology 100,794 83,192 84,337 87,005 89,013 444,341 2%
Public Safety 33,318 30,328 38,550 48,900 49,954 201,051 1%
State Office Buildings & Facilities 102,219 112,212 66,809 49,650 56,150 387,040 2%
Transportation 1,762,515 2,022,838 2,172,017 2,123,094 2,067,900 10,148,365 56%
Totals 3,423,294 3,578,248 3,660,200 3,667,327 3,660,829 17,989,898  

Description of Sources of Funds

   Bond Cap – Commonwealth borrowing to support the regular capital program

   Federal – federal reimbursements for capital expenditures, primarily for transportation projects

   Third-party – contributions made by third-parties to capital projects being carried out by the Commonwealth

   Project-Financed Bonds – self-supporting bonds payable by the Commonwealth from a new stream of project-related revenue

   Accelerated Bridge Program (ABP) – Commonwealth special obligation bonds secured by revenues credited to the Commonwealth Transportation fund or federal grant anticipation notes issued to fund the Accelerated Bridge Program

   American Recovery and Reinvestment Act of 2009 (ARRA) – funds provided by the federal stimulus bill directly to the Commonwealth for targeted capital investments

   Energy Efficiency – self-supporting Commonwealth general obligation bonds payable with savings to be achieved as a result of energy efficiencies

Comparison of FY10 Capital Spending and FY11 Capital Budget

The first table below shows a comparison of FY10 projected bond cap spending to FY11 budgeted bond cap spending by major investment category.  The second table shows a comparison of the total spending from all funding sources of fiscal year 2010 projected results and the fiscal year 2011 budget.  The detailed fiscal year 2011 capital spending plan attached as Appendix C shows both the spending agency and major investment category for each project and notes the agency that will benefit from each capital investment.

FY10 v FY11 Bond Cap
Major Investment Category
($ in thousands)
  FY10 FY11 Difference % Change
Community Investments 220,669 235,224 14,555 7%
Corrections 17,470 17,236 (234) -1%
Courts 104,903 75,438 (29,466) -28%
Economic Development 94,124 118,328 24,203 26%
Energy & Environment 110,775 109,653 (1,123) -1%
Health & Human Services 69,968 99,890 30,922 45%
Higher Education 76,077 134,095 58,019 76%
Housing 168,960 168,000 (960) -1%
Information Technology 75,183 97,194 22,011 29%
Public Safety 19,003 18,518 (485) -3%
State Office Buildings & Facilities 72,723 102,219 29,496 41%
Transportation 527,552 589,205 61,653 12%
Totals 1,556,408 1,765,000 208,592 13%

 

FY10 v FY11 Total Spending
Major Investment Category
($ in thousands)
  FY10 FY11 Difference % Change
Community Investments 273,836 299,460 25,624 9%
Corrections 17,470 17,236 (234) -1%
Courts 104,903 75,438 (29,466) -28%
Economic Development 94,124 203,792 109,667 117%
Energy & Environment 124,517 214,688 90,171 72%
Health & Human Services 69,968 99,890 29,922 43%
Higher Education 76,361 191,445 115,085 151%
Housing 273,217 322,499 49,282 18%
Information Technology 92,850 100,794 7,944 9%
Public Safety 42,180 33,318 (8,862) -21%
State Office Buildings & Facilities 72,723 102,219 29,496 41%
Transportation 1,580,839 1,762,515 181,676 11%
Totals 2,822,989 3,432,294 600,306 21%

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