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DFCM outlines FY2027 capital plan, flags ISF deficit and rate changes
Summary
The Division of Facilities Construction and Management told the Transportation and Construction Appropriations Subcommittee the FY2027 capital budget totals about $287 million, described a $41.7M facilities management ISF and a one‑time $7.6M reallocation to address ISF deficits, and proposed rate‑setting changes and property sales to manage long‑term shortfalls.
The Division of Facilities Construction and Management (DFCM) presented its FY2027 administrative and capital budgets to the Transportation and Construction Appropriations Subcommittee on Jan. 27, saying the base capital appropriation is about $287 million and the administrative operations line is $11.6 million.
DFCM’s presentation noted the capital budget is down year‑over‑year — a common result when multi‑year project funds move into off‑budget project accounts — and described the statutory requirement that the state set aside at least 1.1% of the replacement value of state buildings for capital improvements. The governor’s budget and EAC action put the proposed base at about 1.5% of replacement value, which DFCM said would fund…
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