1/30/98
 
 
CAPITAL BUDGET PILOT PROGRAM
PROPOSED BY
CONGRESSMEN JAMES L. OBERSTAR AND ROBERT E. WISE, JR.
COMMISSION TO STUDY CAPITAL BUDGETING
 
 
 
We propose that the Commission recommend in its report that:
  1. in the FY 2001 budget, in addition to the capital budgeting presentation which appears in the Analytical Perspectives accompanying the budget, there be included a Capital Budget Pilot Program;

    2.  
  2. the Pilot Program would display (at the programs, projects, and activities level) the following federal programs in the form of a capital budget: highways and bridges; airports and airway facilities; mass transportation systems; wastewater treatment systems; water distribution delivery and related systems; water resource projects; and federal buildings; and

    3.  
  3. the Pilot Program would analyze the implications of such Program on the current budgetary process, macroeconomic stability and growth, and budgetary choices.
In support of its recommendation, the Commission should develop a model for the Pilot Program utilizing appropriate concepts, definitions, and mechanisms for depreciation and budget discipline.


President's Commission to Study Capital Budgeting