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NYS Comptroller

THOMAS P. DiNAPOLI

The Academy for New York State's Local Officials

Capital Planning and Budgeting: A Tutorial for Local Government Officials

Module 2 - The Capital Budget

Financing: State and Federal Assistance

Using other people’s money to finance capital acquisitions (or any other expenditure) is probably the favorite option of many local officials. Donations and grants are at the head of any financing wish list. Local governments should examine financing from federal and State sources and take advantage of any private gifts or services that could help them to acquire equipment or to reduce a project's cost. Municipal cooperative arrangements may also be possible, depending on the particular terms (conditions), often subject to negotiation. Local officials should exhaust this list of external financing options when developing a long-term capital plan.

State and Federal Sources

State and federal assistance can be in the form of grants and/or low- or zero-interest loans for qualified projects. Non-cash assistance may also be available through low-cost labor, equipment or professional services.

The following websites provide resources pertaining to grants, loans and procurement contracts for capital projects:

A source of information on federal assistance is the Catalog of Federal Domestic Assistance (CFDA). CFDA is a government-wide compendium of federal programs, projects, services and activities that provide benefits to the American public. It contains financial and non-financial assistance programs administered by departments of the federal government.

  Next: Private Funding and Cooperative Agreements