(redirected from Capital Budgets) Also found in: Financial.
The monies that an enterprise allocates for the purchase of fixed and durable goods. In a hospital, the capital budget is used to purchase beds, buildings, equipment, and other items that are not part of its operating costs.
Capital budget construction is too important to lose, the Building Congress President declared, adding that he and other association officials are continuing to meet with city and state officials to expedite programs of the Metropolitan Transportation, Port and School Construction Authorities.
In order to meet the immense physical demands brought about by a growing economy, the City of New York must revamp the way it plans, pays for, and builds its vast network of roads, bridges, transit, schools, and other vital infrastructure systems, according to Building a Better NYC Capital Budget, a policy report released by the New York Building Congress in conjunction with its research, educational, and philanthropic arm, the New York Building Foundation.
When confronted by these facts readers may ask: "Why has spending risen so quickly and so much?" The answer is simply that government has spent more--and then more--through both the operating and capital budgets.
The WLGA argued that prolonged cuts to capital budgets will have "severe consequences for the way that local services are delivered and will endanger critical regeneration and redevelopment opportunities".
Clr Iqbal said three council services - young people's service, design and property, and safer communities - would each be chipping in cash from capital budgets for the estimated pounds 150,000 investment to restore and repair the building as soon as possible.