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FY 2018 – 2025 Capital Improvements Plan and FY2018 Capital Budget Recommended by the Long Range Capital Planning Commission
The FY2018-2025 Capital Improvements Plan and FY2018 Capital Budget were recently recommended by the Long Range Capital Planning Commission for the State Legislature’s review in the 2017 session. The FY2018 Capital Budget, as recommended, would provide $39 million to implement 35 capital projects and pay the first year of debt service on a $165.1 million bond issue for 13 capital projects.
The Capital Improvements Plan and Capital Budget were submitted to the Legislature during December 2016.
FY2017-2024 Capital Improvements Plan and FY2017 Capital Budget
The FY2017-2024 Capital Improvements Plan and FY2017 Capital Budget were approved by the Oklahoma Legislature during the 2016 Legislative Session. No appropriations were made to the Maintenance of State Buildings Revolving Fund, which is used to fund approved capital projects. All current funds in the Maintenance of State Buildings Revolving Fund are being used for implementation of capital projects approved in the FY 2015 and FY2016 Capital Budgets.
As FY2015 and FY2016 capital projects are completed, there may be residual funding that will be rolled over to implement approved FY2017 capital projects. If this occurs, Planning staff will contact agencies to notify them that their FY2017 capital project will be able to be funded. Capital projects will be implemented in order of prioritization outlined in the FY2017-2024 Capital Improvements Plan, as funds become available.
FY2019 Capital Planning Cycle: Submittals due July 1, 2017
Capital Outlay Requests for the FY2019-2026 planning cycle must be submitted to the OMES Planning Office by July 1, 2017. Submittals must be made using the “Capital Outlay Request Form” located in the “Related Topics” links on the right of this page. Hyperion is not being used for the FY2019 planning cycle; please do not submit requests through the Hyperion system.