A new survey highlights the different approaches states take to manage long-term construction budgets.
State budget officers want to bring more attention to the process of crafting state infrastructure budgets.
Governors and lawmakers are taking a fresh look at state capital budgets, because of the threatened loss of federal funding, says Scott Pattison, executive director of the National Association of State Budget Officers (NASBO).
State budgets are also starting to stabilize after the Great Recession, meaning lawmakers can pay more attention to long-term budget issues instead of scrambling just to make sure their budgets stay in the black, Pattison says.
The renewed interest prompted NASBO to ask all 50 states how they handled their capital budgets, which are normally crafted separately from state operating budgets.
The capital budgets usually cover construction or major renovations for the state’s physical assets, which can take several years. The group found that,
Budget officers and other state officials could benefit from learning how other states handle their long-term infrastructure budgets, Pattison says.
“Nobody does everything great, but everybody does at least something great,” Pattison says. “That’s why a report like this is so helpful.”
This story was orginally published by Governing.