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Where is Capital Planning in the Future? . On the Brink 2014-15 Governor’s Budget Proposal. Overview. Competing Needs State Capital Outlay Financing Governor’s Proposal Capital Financing Next Steps Capital Outlay Program Planning. Competing Needs. Enrollment demand

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where is capital planning in the future

Where is Capital Planning in the Future?

On the Brink

2014-15 Governor’s Budget Proposal

overview
Overview
  • Competing Needs
  • State Capital Outlay Financing
  • Governor’s Proposal
  • Capital Financing Next Steps
  • Capital Outlay Program Planning
competing needs
Competing Needs
  • Enrollment demand
  • Existing seat capacity
  • Renovation needs:
    • Academic program requirements
    • Code changes
    • Accessibility
  • Operational costs
  • On-Going and deferred maintenance
slide4
Reduction in On-Going MaintenanceTotal Operating Expenditures and Maintenance Costs per SF Expenditures remain depressed
governor s proposal
Governor’s Proposal
  • Allows use of operating budget for capital:
    • Fund academic and infrastructure projects
    • Refund or retire SPWB bond debt
    • General Fund limited to 12 percent
  • Prohibits use of authority to justify tuition increases, employee layoffs, or reduced pay
  • Streamlined approval process
  • Debt service added to base budget
governor s proposal cross pledge with systemwide revenue bond
Governor’s ProposalCross Pledge with Systemwide Revenue Bond
  • 90083.  The board may pledge revenues received in accordance with Section 89770 to secure bonds issued in accordance with this article for capital expenditures as defined in Section 89770 or for projects as defined in Section 90011, and may pay all costs and expenses incident to the issuance …”.
next steps
Next Steps
  • Legislative Budget Hearings
  • Present information to March board meeting.
  • Develop new capital financing program
  • Discuss policy and develop recommendations
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