This memorandum provides an overview of projected revenue available in FY 2014-15 for capital construction and controlled maintenance projects. It also summarizes the state-funded capital construction requests for FY 2014-15. It also provides an overview of projected revenue versus requests for capital projects in FY 2014-15. There is a $566.7 million revenue shortfall to fund all capital requests.
This memorandum summarizes the capital construction and controlled maintenance recommendation for FY 2014-15. The projects are included in House Bill 14-1336, the 2014 Long Bill, as introduced. The Long Bill includes 79 projects totaling $342.8 million. A transfer to the Capital Construction Fund of $220.5 million from the General Fund and $1.0 million from the State Historical Fund is required to fully fund the FY 2014-15 capital construction and controlled maintenance recommendation. The recommended transfer is included in House Bill 14-1342, as introduced.
