Testimony: Representative Oberstar, with Representative Wise, proposed a capital budget pilot program. The Congressmen requested that the Commission include three recommendations in its report: 1) the FY 2001 budget should include a capital budget pilot program; 2) the pilot program should display infrastructure and Federal buildings in the form of a capital budget; and 3) there should be an analysis of the effect of the pilot program on the current budgetary process, macroeconomic stability and growth, and budgetary choices. The Congressmen advised the Commission to develop a model for the pilot program in support of these recommendations.
In his oral testimony, Representative Oberstar discussed the following issues:
Q. Would it be appropriate to have target levels for
investments extending into the future?
Q. If we undertake an extensive capital program, we
lock in expenditures for a period of time. Do we increase the goals of
the budget under this circumstance?
Q. Under your pilot program, would authorizing committees
decide which projects to undertake or would the projects have to be appropriated
Q. How would the size of the capital budget be determined?
In relation to what?
Q. Would Congress allow some kind of a commission
to make capital budgeting decisions?
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