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After its third-quarter profit fell by more than half, Alcoa cancelled all its "non-essential" capital projects.
Though police officials say a backup communications system is needed, especially after the attack of Sept. 11, the budget gap has made it essential to review all large capital projects, the officials said.
Free cash flow takes the concept a step further, acknowledging that capital projects are essential for companies that want to grow, and that dividends are paid out of cash on hand.
"That translates to meeting essential community needs like fire departments and health services, new supplies for students, and capital projects like construction of a new school, library and city hall".
Michigan cut spending and canceled capital projects.
"We cut and delayed some capital projects.
A number of states have also guaranteed venture capital projects.
Borrowing for long-term capital projects has never been cheaper.
Then there's the money for capital projects.
He called for money to be diverted from capital projects.
Colorado canceled nearly $400 million in transportation and capital projects.
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