$25 Billion spent each year to maintain federal buildings we’re not using
Manchester, NH – Republican Congressional candidate Frank Guinta continued his innovative “Frank’s Fifty” spending cut program by calling for an end to subsidizing maintenance efforts for federal buildings that are currently vacant. Each year taxpayers cover the cost to maintain vacant or unused federal buildings. The total annual cost of these maintenance efforts is $25 billion.
“It is sheer insanity for taxpayers to be doling out billions of dollars a year to maintain federal buildings we’re not using,” said Guinta. “We should sell these now-unused properties to private investors, so they can turn them into housing and office space.”
Guinta points to an ABC News report of a federal building in Washington, DC that has been vacant for eight years. The building, known as “Federal Building #8”, is said to be worth $100 million, yet has been empty since 2002. Despite this, the General Services Administration says they still have plans to renovate this long-dormant federal building.
“Federal Building #8 is just one of numerous examples of how the federal government is wasting taxpayer money on maintaining buildings that belong under private ownership,” Guinta continued. “Releasing these properties onto the private market will save taxpayers billions every year, and open the door to job creation and low-cost housing.”
Frank Guinta has proposed more than $305 billion in specific spending cuts for next year’s budget in the first sixteen days of the “Frank’s Fifty” program. Guinta will announce a specific spending cut every day until the Republican primary on September 14th. There are 35 days until this year’s primary. For more information about Frank Guinta’s campaign, visit http://www.teamguinta.com.