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White House Seeks Funding for GSA to Right-Size Federal Office Footprint
The Biden administration seeks to give the General Services Administration (GSA) $425 million to right-size the federal office footprint, both owned and leased, and reduce long-term costs through a new “optimization program,” the Federal News Network reported. Proposed as part of the the White House’s budget plan for fiscal 2025, the initiative would also give GSA “broadened authorities related to the disposal of excess property.”
GSA Administrator Robin Carnahan said in a statement that the budget plan “reflects critical, targeted investments that will accelerate GSA’s efforts to right-size the real estate portfolio.” If implemented by Congress, “these sound investments will yield big returns for taxpayers.”
The budget would also build on GSA’s recent announcement to initiate the disposition of 23 properties representing a potential reduction of 3.5 million square feet and more than $1 billion in cost avoidance over 10 years, according to GSA.
Further, it would give GSA full access to revenues and collections in the Federal Buildings Fund, where it deposits rent payments collected from agencies using GSA-owned properties. Since 2011, Congress has siphoned $1 billion annually from the Federal Buildings Fund to other expenditures, reported the Federal News Network.
- ◦Policy/Gov't
