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It said the reductions were largely due to the end of spending on "large capital projects" between 2009 and 2013.
Some large capital projects are moving along in the face of the uncertainty from the city.
That's changed and, for the first time in history, the government publishes data revealing a pricing benchmark for large capital projects.
A grassroots group, the Seymour Watchdog Committee, has circulated a petition calling for a second referendum vote on several large capital projects to see if they should proceed.
They are public-works projects because large capital projects — especially ones that, like highways, involve widespread public benefit — have always required public money.
In the 1950s and 1960s, the World Bank lent money for large capital projects, such as dams and mines, to help poor countries fill the gap between their need to invest and their ability to save.
Similar(43)
An individual may be delegated financial approval authority for a specific project or initiative by the President or Board of Trustees that is greater than their normal financial authority, for example with respect to a large capital project.
Rutherford's stated rationale was that the cost of such a large capital project shouldn't be borne by a single generation and that incurring debt to finance a corresponding asset was, in contrast to operating deficits, acceptable.
Of the five largest capital projects undertaken by the Prospect Park Alliance, the three most expensive were on the east side.
As in Michigan's case, university construction programs are often the largest capital projects in their states.
This was one of the largest capital projects in Partners' history.
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