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DEW says sales of surplus properties generated nearly $9M to fund IT upgrades
Summary
Stanton told the committee DEW sold surplus buildings and, working with CBRE and the Department of Administration, returned close to $9 million (federal-era funds) to the agency to invest in a new tax system rather than seek general-fund appropriations.
Stanton told the committee that when she arrived the agency owned older, underused buildings and launched an initiative to sell surplus properties and move employees into leased space. She said CBRE and the Department of Administration assisted marketing and sales, and that DEW had returned almost $9,000,000 to the agency from those sales.
"We have sold numerous more and we've sold it to the point of almost 9,000,000 coming back to the agency," Stanton said, and added that federal funds originally used to buy property in the 1980s are now being reinvested in modernization projects. She said proceeds were being used to fund a new tax system so DEW would not need to request general-fund money for that IT upgrade.
Committee members asked about appraisals, local-government sales and DOA procedures for sales over and under $1,000,000; Stanton said DEW follows state rules, defers to the Department of Administration's expertise, and tries to prioritize local-government or institutional buyers where appropriate.
