Rutgers capital investment

[Jim_from_RU]

http://newbrunswicktoday.com/article/rutgers-capital-budget-request-sets-stage-massive-investment

 

[bigmatt718]

Well we now know where funding for new baseball, softball, track & field, and Field Hockey stadiums are coming from.

 

[Jim_from_RU]

Well we now know where funding for new baseball, softball, track & field, and Field Hockey stadiums are coming from.

It's gotta get approved first. We'll see.

 

[SJScarlet]

Rutgers is not requesting all this money as funds from the state. I believe they are simply getting approval to raise portions of the funds through bonds and other means. They likely need approval because the state provides funding for the school, i.e. it is a public entity.

 

[retired711]

Rutgers is not requesting all this money as funds from the state. I believe they are simply getting approval to raise portions of the funds through bonds and other means. They likely need approval because the state provides funding for the school, i.e. it is a public entity.

I am not sure, but I think basically Rutgers is applying to receive a share of the revenue raised by the bonds that the voters consented to have the state sell for higher education. So it is state money, at least for the most part.

 

[SJScarlet]

I am not sure, but I think basically Rutgers is applying to receive a share of the revenue raised by the bonds that the voters consented to have the state sell for higher education. So it is state money, at least for the most part.

Yeah that could be a big part of it. But for example, it lists the $114 million practice facility in the same context as all the other projects, and we know that is being mostly funded through private donations as well as a tax credit. So it may vary by project.

 

[m1ipabrams]

I am not sure, but I think basically Rutgers is applying to receive a share of the revenue raised by the bonds that the voters consented to have the state sell for higher education. So it is state money, at least for the most part.

The way I read it is that it is already approved. From end of the article:

"All of Rutgers requests were filed in May of 2016 and have gone into effect this fiscal year."

Am I reading that right?

 

[retired711]

The way I read it is that it is already approved. From end of the article:

"All of Rutgers requests were filed in May of 2016 and have gone into effect this fiscal year."

Am I reading that right?

Hard to know; after all, the headline talks about Rutgers seeking approval. I think the last sentence means that the requests are for this fiscal year. Poor writing, though.

 

[Scarlet16E]

This is part of the capital budgeting process. It's not about where the funding will come from.
I will say that typically each individual capital budget item must have a source of funding identified in order to be added to the budget.

 

[Scarlet Pride]

This is part of the capital budgeting process. It's not about where the funding will come from.
I will say that typically each individual capital budget item must have a source of funding identified in order to be added to the budget.

Yes this is more about process/procedure vs. state funding. As a state entity it was to layout capital budgeting/plans in a certain manner. What I like about these steps is that it has moved some key parts of the master plan out of a vision document and into the actual budgeting process. That signals real progress toward actually doing these things rather than just having them in a "maybe someday" master plan.

 

[m1ipabrams]

Sorry for the un-informed question, but does listing something in the budget request mean that the specific project has funding already planned for and that the project is definitely a "go"?