$3.1B School Construction Funding Demands Highlighted in Capital Debt Meeting

CDAC
Review of the Capital Improvement Program, Presentation to Capital Debt Affordability Committee by Teresa Garraty, Maryland Department of Budget & Management, September 17, 2014

In the September 17th meeting of Maryland Capital Debt Affordability Committee, Terri Garraty, Executive Director of the Department of Budget and Management’s Office of Capital Budgeting noted that school construction makes up $3.1 billion of the $5.3 billion total for capital grant program budget requests from FY 2016-FY 2020.

Following the overview by the Department of Budget and Management, Dr. David Lever, Executive Director of the Interagency Committee on School Construction, spoke about the school construction capital budget.  In a couple of weeks, Lever said, he would be meeting with county school boards on this topic.

Lever said that new education requirements are driving some facility costs, as well as the age of Maryland’s school plant and enrollment growth in some areas.  He also said that the prevailing wage law passed last year may translate into an increase in costs that could mean fewer projects are built each year.  The new law could affect contracts in Anne Arundel County, Baltimore County, and Montgomery County, which with other large jurisdictions receive the largest share of project approvals in the annual Capital Improvement Program.

For more information, including the handouts from the meeting, see the Capital Debt Affordability Committee.

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