$1 Billion Earmarked for Federal Building Renovations, Repairs

President Barack Obama's 2015 budget has allocated $1 billion to improve public buildings managed by the U.S. General Services Administration (GSA). "The president's budget includes the investments we need to help rebuild our nation's infrastructure, ensure that federal agencies can support economic and job growth in communities across this country, and provide vital and high-quality services for the public," GSA administrator Dan Tangherlini said in a statement.

Targeted projects include land ports of entry, office buildings, and courthouses. About $100 million will go toward improving safety systems, meeting security requirements, and increasing energy and water conservation. Another $100 million will help the GSA consolidate agencies and reduce the federal government's footprint by improving space utilization and optimizing inventory.

The infrastructure investments "will create significant savings by preventing costly emergency repairs in the future and build upon our progress of maintaining America's public buildings," according to the GSA.