Fleet replacement budget fl uctuations are often due to natural vehicle life cycles and replacement needs; some fleets noted that replacing a very expensive piece of equipment such as fi re apparatus can make replacement funding skyrocket. However, some with decreased replacement budgets reported that this was due to budget cuts or capital funding going to other departments. Nearly half of those with increased budgets of more than 15% said they were catching up after years of under-funded replacement budgets. Source: GF 2015 Industry Trends Survey

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