{"id":19789,"date":"2018-07-03T15:28:02","date_gmt":"2018-07-03T15:28:02","guid":{"rendered":"https:\/\/one.sightlinemg.com\/federaltimes\/uncategorized\/2018\/07\/03\/will-usps-have-enough-money-for-necessary-updates\/"},"modified":"2026-08-08T04:50:17","modified_gmt":"2026-08-08T04:50:17","slug":"will-usps-have-enough-money-for-necessary-updates","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/federaltimes\/management\/2018\/07\/03\/will-usps-have-enough-money-for-necessary-updates\/","title":{"rendered":"Will USPS have enough money for necessary updates?"},"content":{"rendered":"\n

Over the next 10 years the U.S. Postal Service<\/a> will need to increase spending by 70 percent to complete crucial upgrades such as replacing its aging fleet of delivery vehicles and updating mail processing equipment.<\/p>\n\n\n\n

Projected revenues for USPS, however, are unlikely to meet the levels needed to cover the approximately $2.4 billion the agency will need a year, according to a June 28 Government Accountability Office report.<\/a><\/p>\n\n\n\n

\u201cThis uncertainty may result in USPS\u2019s making capital-spending prioritization decisions that can lead to trade-offs across planned capital projects and potentially between capital spending and other organizational needs such as operational expenses. Such prioritization could lead to USPS\u2019s undertaking less capital spending than currently projected in the absence of increased revenues or decreased expenses,\u201d the report said.<\/p>\n\n\n\t