OBM details $2 billion capital reappropriations bill
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State OBM Director Kim Murnieks this week testified before the House and Senate Finance Committees regarding the FY 23-24 capital reapproprations bill. Traditionally, capital reappropriations are passed in conjunction with the state capital bill providing new capital appropriations. However, the General Assembly is splitting the two processes this year, first dealing with the reappropriations and then turning to new capital appropriations afterward.
Reappropriations refers to the reauthorization of the unexpended balances from previously approved capital projects. Ohio’s constitution limits appropriations to two years. Thus, a reappropriations bill is needed to ensure that projects spanning longer than two years can be continued.
This year’s capital reappropriations bill totals approximately $2.09 billion, an amount higher than in previous years, largely due to the delay in the FY 21-22 capital appropriations bill. Murnieks also noted pandemic-related contractor delays and supply chain disruptions which also slowed certain projects.
The reappropriations bill must be completed by March 31 in order to be effective by the start of the new state fiscal year on July 1, 2022. The bill is expected to move quickly over the next two weeks with few amendments or changes.
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