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DEW sells surplus properties; proceeds to buy new tax system rather than ask general funds
Summary
Director Stanton said DEW has sold surplus buildings (nearly $9 million returned) and plans to use the proceeds to finance a modernized tax system, aligning with a Department of Labor recommendation to divest real estate and reinvest in programs and technology.
Stanton told the committee the agency pursued a surplus property program and, working with the Department of Administration and a real-estate partner, has sold numerous buildings and returned nearly $9,000,000 to the agency. She said those proceeds—federal funds originally used to buy facilities—are earmarked for IT modernization so the agency will not need to request general funds for the tax system upgrade.
"We're taking this money that we're getting back from selling the real estate and we're using it to buy the new tax system," Stanton said, adding that Department of Labor guidance had shifted away from owning property and toward reinvesting proceeds in federal programs. Legislators asked for appraised values, sale plans for remaining properties and coordination with local governments on community impacts of sales.
