Executive Budget Office

Capital Budget Office

The Capital Budget Office is the organizational unit with oversight responsibility for the State's permanent improvements program. The Office is responsible for taking all permanent improvement project requests through the approval process and for tracking budgets and expenditures for all projects. 

The Capital Budget Office facilitates the planning process for state agencies’ and institutions’ capital improvements programs through the Comprehensive Permanent Improvement Plan (CPIP) which annually reflects all planned permanent improvement project activity for the next five-year period. Additionally, the CPIP provides information on projects for which State funding will be requested from the General Assembly. The Office reviews all plans and provides information to assist the Joint Bond Review Committee and State Fiscal Accountability Authority with their reviews of CPIP.  In the event of a bond bill, the Capital Budget Office works with state agencies and the State Treasurer's Office twice each year in developing the bond draw schedules, which govern the release of capital improvement bond funds for authorized projects. After the schedules are prepared, the Office presents them to the Joint Bond Review Committee and State Fiscal Accountability Authority for review and approval.  Related to the permanent improvement activity, the Office assists agencies in gaining approvals for all land acquisitions. The Office provides technical assistance to state agencies and institutions in all of these areas. Related to the permanent improvement activity, the Office assists agencies in gaining approvals for all land acquisitions. The Office provides technical assistance to state agencies and institutions in all of these areas. 

The Capital Budget Office also maintains the Statewide Permanent Improvement Reporting System (SPIRS) and distributes monthly reports to all state agencies and institutions on permanent improvement project activity.