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The Capital Section of OSBM is responsible for the long term planning, budgeting, and financing of the state’s capital assets including buildings, real property, and non-highway infrastructure.

The Capital Section prepares a six-year capital plan in which current and future capital needs are evaluated using objective criteria, and high priority projects are scheduled according to the state’s projected fiscal resources and recommended debt limits.

Once the General Assembly authorizes a capital budget, the Capital Section is tasked with ensuring that authorized capital projects are implemented consistent with the legislation, and that emergency capital projects are addressed when the General Assembly is out of session.

Debt issuances used to fund capital projects are managed by the Capital Section to ensure that debt sales are efficiently timed to meet projected cash flows while minimizing the State’s interest liability.

Clients – Cabinet and Council of State agencies, universities, community colleges, the General Assembly, and citizens.

Legislators, state government leaders, and the public consult the six-year capital plan for information about proposed facilities such as project justifications, construction cost estimates, projected construction schedules, and impact on the operating budget.

Staff – Capital planning and budgeting require staff in the Capital Section to have experience in the development and administration of governmental budgets and knowledge of the construction, architecture, and planning fields. Current staff has a mix of these experiences and all of the staff have a master’s degree either in Public Administration, Business Administration, or Architecture.

Staff assignments are grouped by state agency or university, and there is frequent coordination between Capital Section staff and the operating budget analysts in OSBM.

Contact
Jim Lora
Office of State Budget and Management
20320 Mail Service Center
Raleigh , NC 27699-0320
Telephone: (919) 807-4700
FAX: (919) 733-0640
Email: jim.lora@osbm.nc.gov