- Accomplishments & Initiatives
- American Recovery and Reinvestment Act of 2009
- Development of the FY13-17 Capital Investment Plan
- Affordability & Fiscal Responsibility
- Impact of Capital Budget on the Operating Budget
- Aggregate FY13-17 Capital Investment Plan
- Capital Investments by Investment Category
- Appendix A - Debt Affordability Analysis
- Appendix B - Bond Bills
- Appendix C - Project Listing (pdf)
- Appendix D - Project Descriptions (pdf)
- Plan by Investment
- Plan by Capital Agency
- Plan by Beneficiary Agency
Development of the FY13-17 Capital Investment Plan
The Fiscal Year 2013-2017 (FY13-17) Capital Investment Plan represents the sixth five-year plan since the Patrick-Murray Administration took office. As with the prior plans, the Administration engaged in a diligent, fiscally responsible and comprehensive process for developing this five-year capital investment plan. One common challenge shared by each of the previous five-year plans is the fact that demand for capital improvements far exceeds affordable funding capacity. The inevitable consequence is that many worthy projects will not receive funding.
In order to establish the total amount of the bond-funded capital program within an affordable level, the Administration conducted a rigorous review of the Commonwealth’s debt capacity within its debt affordability policy. The debt affordability analysis underlying the FY13-17 Capital Investment Plan is attached as Appendix A.
Over 85 percent of the bond-funded FY13 capital investment plan is needed to fund previously-made commitments, including ongoing construction contracts, investments needed to leverage federal funds, legal commitments and personnel needed to carry out capital programs. This high level of commitments leaves limited budget capacity to start new projects in FY13.
The entire FY13 capital investment plan is presented in detail in Appendix C and descriptions of each project or program are included in Appendix D. The highlights of the FY13-17 capital investment plan are provided in the discussions of investment categories below.
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