The Obama administration's plan to sell off unneeded federal buildings will end up costing money, not saving it. A Congressional Budget Office analysis estimated the plan would cost $420 million from 2012-2016.
CBO is also skeptical of the administration's claim that sales would net $16 billion in new money. It said that's because many of the properties would have been sold anyway in the normal course of business. CBO sent its analysis in a letter to Congressman Darrell Issa (R-CA), chairman of the House Committee on Oversight and Government Reform.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
2 comments:
While I am sure initially this could cost some money, these buildings being placed back into the private sector will save the government money. We need to shrink government, both in terms of people and buildings.
In the same vein, but different obviously are Linens of the Week and the Bricks. Both buildings locally that could have already been rehabbed and added to the tax roles. If anything, government should give incentives to businesses to purchase their buildings and downtrodden privately owned businesses. Wave fees or give a year tax abatement. Let's get these properties back on the tax rolls, while keeping government out of the landlord business.
the govt just wants to make sure they tax the shit out of everything that comes through..remember they already blew last years budget.
Post a Comment