The White House on Thursday announced new progress in the Obama administration’s effort to save money by consolidating and selling off unneeded federal real estate.
Through the first quarter of fiscal 2012, agencies saved $5.6 billion in property costs and were “on track” to exceed President Obama’s goal of saving $8 billion by year’s end, Controller Danny Werfel said in a blog post.
Congress is mulling bills to reform the property sale process. The Office of Management and Budget has proposed legislation to create an outside board of property experts who would bundle properties for sale after congressional approval, much like the Defense Department’s Base Closure and Realignment Commission. A bill with some similar provisions introduced by Rep. Jeff Denham, R-Calif., cleared the House in February but is stalled in the Senate.
-Charles S. Clark, GovExec.com