By Ameeta Soni, Chief Marketing Officer, VFA, Inc.
The National Governors Association report “The Governors Speak: A Summary of the 2012 State of the State Addresses” states that, “Although no governors were enthusiastic about the revenue outlook, they appeared to feel less pressure than last year, and 17 governors had surpluses in their states, were able to increase money held in reserve or rainy day funds, or had positive cash balances after overcoming last year’s shortfalls.”
With job creation as a major priority, 31 governors cited infrastructure as a focus, with some infrastructure projects designed to increase exports, such as improvements to ports and airports.
All the governors stressed education as a major focus, with 17 proposing to either increase funding for education or maintain funding despite low revenues.
Public facilities have been seriously impacted by the financial struggles of the past few years, and facility managers at places like airports, K-12 schools, and public universities have been forced to do more with less. Those who have prepared by understanding and monitoring facility condition will be poised to take advantage of new projects as at least some states are seeing budget improvement.