Implications of Capital Projects for State Budgets
Like many other states, Oklahoma is faced with some serious problems with respect to a deteriorating critical infrastructure, including most especially the need for repairs and improvements on its roads and bridges. In response, the Oklahoma Long Range Capital Planning Commission has recommended a series of long-term capital projects through fiscal year 2024 that are intended to address the most serious of these infrastructural problems. The purpose of this paper is to provide a description and brief overview of the Oklahoma Long Range Capital Planning Commission, the size of the state for which it is responsible and its overall responsibilities. In addition, a description of the types of government projects and the implementation process that are involved is followed by a discussion concerning the respective advantages and disadvantages of the projects on the state’s operating budget. Finally, a summary of the key findings and recommendations about the effects of capital projects on operating budgets are presented in the paper’s conclusion.
Description and brief overview of the Oklahoma Long Range Capital Planning Commission
The Oklahoma Long Range Capital Planning Commission (hereinafter “the commission”) is comprised of nine members who are tasked with providing timely and informed recommendations to the Oklahoma...
References
Davis, J., Hall, K. & Kaspereit, D. (2017). State of Oklahoma FY 17-FY 24 capital improvements plan. State of Oklahoma. Retrieved from https://www.ok.gov/DCS/ documents/CapitalImprovementsPlan17-24.pdf.
Capital budgeting in the states. (2018). National Association of State Budget Officers. Retrieved from https://www.nasbo.org/mainsite/reports-data/capital-budgeting-in-the-states
Oklahoma population. (2018). World Population Review. Retrieved from http://worldpopulation review.com/states/oklahoma-population/
The impact of capital projects on the operating budget. (2018). Government Finance Officers Association. Retrieved from http://www.gfoa.org/impact-capital-projects-operating-budget
Weaver, S. C. (2011, January 1). Capital budgeting procedures, policy, and practices. Journal of Applied Finance, 21(1), 39-43.
U.S. Infrastructure Is in Jeopardy and Consequently So Are We The federal highway trust fund is the fiscal foundation of the highway system in the United States. Without adequate funding, highway construction stalls and road construction workers are out of work. Congress has dallied with the economic future of America for years as it refused to pass a multiyear transportation bill. The reason for this is likely to be readily apparent
USACE program funding, compliant with Federal Continuity Directive 1. It will also address processes required for continuing the business continuity plan for the Nation's Survivability and Critical Infrastructure. The United States Army Corps of Engineers (USACE) identifies itself with the following mission: to offer critical services in the public engineering area, during times of war and peace, for strengthening America's security, mitigating disaster risks, and energizing the nation's economy (U.S.
Companies such as XYZ Widget Corporation are well situated to take advantage of burgeoning markets in developing nations, particularly in Asia and Africa. 2. XYZ can grow its business by expanding its operations to certain developing nations in ways that profit the company as well as the impoverished regions that are involved, particularly when marketing efforts are coordinated with nongovernmental organizations operating in the region. 3. Several constraints and challenges must
Table 2 Use Case No. 1: Will, Hotel Franchises Owner Use Case Feature Description The actor or actors involved Will owner of five hotel franchises, routinely accesses the occupancy levels for each facility, determines projected supply needs and ensures that adequate preparations are in place to satisfy anticipated demand. The system being used The hotel chain's proprietary room occupancy and enterprise management system will be used for the data needed by the i-phone digital media product. The functional
Zalmai Azmi, the FBI's chief information officer for the last year realized the need for change, even if it would garner political heat, and decided to implement changes to the organization known as the FBI. The change was related to the growing innovation behind technology and the September 11th attacks. The FBI's technological upgrade has been seen by some as lacking efficacy and reliability. Software dilemmas appear to be piling
Emergency Management Disasters are political occurrences; they can either destroy or glorify politicians. The spectacular temperament of disasters calls for the involvement of these chief executives and they test their leadership merits. How politicians control these rare occurrences can frame how their whole term in office receive judgments. During his last White House Press Conference, President George W. Bush was asked about the mistake he made during his reign, and among
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now