CAPITAL PLANNING Anna Wrigley Miller Governors Office of Planning - PowerPoint PPT Presentation

CAPITAL PLANNING Anna Wrigley Miller Governor’s Office of Planning and Budget GASFA Conference April 23, 2019

Credit Rating Triple- A Bond Rating 1. Georgia 2. Delaware 3. Maryland 4. Missouri 5. North Carolina 6. Tennessee 7. Texas 8. Utah 9. Virginia 10. Indiana 11. Iowa 12. South Dakota 7/12/19 2

What Makes Georgia Attractive? • Conservative debt management. • Strong financial monitoring and oversight with a history of prompt responses to revenue declines. • Consistent full funding of actuarially calculated annual required contributions for ERS and TRS. • Long history of conservative revenue estimation. • Rebuilding of reserves. 7/12/19 3

FY 2020 Capital Overview: Bond Funds by Capital Categories Systems 15% New Vehicles Construction 4% Repairs & Renovations Equipment Equipment 6% Vehicles New Construction Systems Repairs & Renovations 60% 13% Water Resources Other 7/12/19 4

FY 2020 Capital Overview: Bond Funds by Policy Area Growing 8% Responsible 15% Educated Healthy Safe Healthy 2% Responsible Growing Mobile Educated 63% 7/12/19 5

FY 2020 Highlights by Policy Area $1.1 billion in new GO bond authorizations Educated Georgia 265M –K-12 school construction 48M – Fund construction of the Convocation Center on the Atlanta campus of Georgia State University 29.4M – Fund construction of Lanier Hall- Allied Health Building at Wiregrass Georgia Technical College Healthy Georgia 6.85M – Fund construction and equipment for the renovation of the kitchen at East Central Regional Hospital 1.09M – Fund major improvements at Georgia War Veterans Nursing Home 7/12/19 6

FY 2020 Highlights by Policy Area – con’t Safe Georgia 14.1M – Fund construction and equipment for the renovation of the Ft. Gordon Youth Challenge Academy Responsible and Efficient Government 1.8M – Statewide ADA improvements Growing Georgia 22M – Fund construction of Pedestrian Mall and Bus Depot for Georgia World Congress Center 13.5M – Fund major improvements and renovations for the Department of Natural Resources statewide 7/12/19 7

Where to find the bill? 7/12/19 8

Where to find the bill? 7/12/19 9

Advancements for the Future GBI Savannah/Coastal Regional Crime Lab Photo courtesy of GBI 7/12/19 10

Advancements for the Future Photo courtesy of GBI 7/12/19 11

Advancements for the Future Photo courtesy of TCSG Costal Pines Technical College 7/12/19 12

Advancements for the Future Photo courtesy of TCSG 7/12/19 13

Advancements for the Future Photo Courtesy of TCSG Chattahoochee Technical College Health Sciences Building 7/12/19 14

Advancements for the Future Abraham Baldwin Agricultural College Atlanta Journal Constitution: Courtesy of Georgia Building Authority 7/12/19 15

Advancements for the Future Georgia Southern University Atlanta Journal Constitution: Courtesy of Georgia Building Authority 7/12/19 16

Advancements for the Future Kennesaw State University Atlanta Journal Constitution: Courtesy of Georgia Building Authority 7/12/19 17

Advancements for the Future Georgia Cyber Center Atlanta Journal Constitution: Courtesy of Georgia Building Authority 7/12/19 18

Advancements for the Future Judicial Building 7/12/19 19

Advancements for the Future Judicial Building 7/12/19 20