The amount of space the federal government leases should be reduced, but the current lease-scoring system hinders such efforts, a Government Accountability Office report says.
The 1990 Budget Enforcement Act requires agencies to record the total acquisition price for real estate in the budget for the year the purchase takes place. For leases, only the annual payments must be reflected in that yearâs budget.
âThis is an area that has cried out for years,â said Sen. Tom Carper (D-Del.).âWeâre talking about a lot of money thatâs not being spent wisely and going forward, in almost everything we do, weâve got to find ways to get better results for less money.â
Space leased by the General Services Administration totaled 191 million square feet nationally in fiscal year 2010. The federal government owns 179 million square feet of space.