Budget 2012: Ten unfunded growth projects that caught my eye - Blog
It's budget time, and I have been looking into the documents that were released last week. At the very end of the 2012-2021 Capital Investment Agenda, there are some really interesting tables. One is "Approved & Recommended Growth Projects" – projects that have previously been approved or that Administration is recommending. The list of recommended projects includes the seat replacement at Commonwealth Stadium, the South East Community Leagues Association Skate Park, and a number of other projects you may have heard about. The last table is perhaps the most intriguing, however. It lists 77 different "Unfunded Prioritized Growth Projects" totaling a little over $1.5 billion. Most of these simply will not get funding in the 2012-2014 Capital Budget because there is just $9 million available for allocation to these projects: In the 2009-2011 Capital Budget, Council made decisions to commit $883 million of future funding for growth projects in the 2012-2014 time frame. The result