Capital Budgeting


Report of the President’s Commission to Study Capital Budgeting

CRS: Capital Budgets

CRS: State Government Operating Budgets vs. Capital Budgets

NASBO: Capital Budgeting in the States

CRS: Federal Research and Development (R&D) Funding_See Pg 26 – NIH Capital Funding

CRS: Balanced Budget Constitutional Amendment

  • Page 3, Footnote 9:  “Although most states require their operating budget to be balanced they typically allow for debt financing of capital expenditures and various other exceptions to balanced budget requirements.” (emphasis added)

U.S. General Accounting Office, Balanced Budget Requirements: State Experiences and Implication for the Federal Government, AFMD-93-58BR, March 1993.  GAO found that:

  • 48 states have balanced budget requirements;
  • states focus primarily on balancing the general fund, which includes general tax receipts and discretionary appropriations; and
  • other state funds…such as…capital improvements funds are financed primarily by borrowing, rather than by current revenue.
  • (Link to PDF

Contact FBG for appropriations research and drafting:
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Federal Budget Group LLC, Charles S. Konigsberg JD, President  | 1333 New Hampshire Ave NW STE 340B
Washington DC 20036-1564 | +1 (202) 419-3506 |