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Budget

New Five-Year Spending Plan Below Coast Guard’s Stated Needs, Says Rep. Hunter

By Cal Biesecker

Wednesday, June 18th, 2014

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New Five-Year Spending Plan Below Coast Guard’s Stated Needs, Says Rep. Hunter

Artist rendering of Offshore Patrol Cutter. Source: Coast Guard

The Coast Guard’s new Capital Investment Plan (CIP) delivered to Congress on Monday falls well short of its needs for annual spending on ships, aircraft and related assets based on the funding requirements stated by the service’s recently retired former commandant, the chairman of a House panel said on Wednesday. The FY ’15 CIP never exceeds $1.2 billion annually over the next five years yet former Coast Guard Commandant Adm. Bob Papp and the Government Accountability Office have put the…

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