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Webster Calls for Federal Government Savings through Consolidating and Selling Unneeded Property

0.33 min. | 0 user rating | 45 views

The federal executive-branch agencies hold an extensive amount of property that includes 429,000 buildings and over a million total properties. In fact, the federal government is the largest owner and manager of real estate in our country. If we sold all excess federal properties, proceeds could approach an estimated $15 billion -- serious savings -- on top of even more savings reaped annually from reducing maintenance and operating costs. H.R. 1734 is a cost saving initiative that achieves a reduction in the size of the federal real property inventory through selling or redeveloping underutilized properties, increasing the utilization rates of existing properties, and expediting the disposal of surplus properties. The act shows real respect for the hardworking taxpayers who pay for government buildings and space. You can do more with less if you do it efficiently; this bill does just that. Better management of federal property presents an opportunity to reduce expenditures and increase revenue. As families look for ways to budget and manage their personal finances, our government should do the same.
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