2023-33 capital plan
Governor Inslee’s proposed capital budget appropriates nearly $9.2 billion (all funds) for state construction projects, grant and loan programs for local governments, and to build and improve K-12 schools and facilities for higher education.
Agency capital project detail
The following section presents the capital projects proposed for funding in the 2023-25 biennium and provides a project description, start and completion dates, current and future cost, and fund source. Projects authorized for alternate financing are identified in Section D. The agencies are grouped by functional area.
10-year capital plan and expenditures
This section presents three tables that describe the 2023-33 capital plan. Table 1 displays the recommended capital plan for each agency by project and fund source; Table 2 displays the 2023-33 capital program by source of funds; and Table 3 displays the 2023-33 10-year plan by appropriation type.
Alternate financing projects
Alternative financing generally refers to Certificates of Participation. In the 2023-25 Governor proposed capital budget, the Office of the State Treasurer is authorized to issue Certificates of Participation for 2 projects totaling $295 million.
2023-25 habitat and recreation projects operating and maintenance costs
RCW 43.88.030(5)(p) requires the Office of Financial Management to include with the Governor’s capital budget proposal the costs of operating and maintaining habitat and recreation lands to be acquired through various state capital programs.
State debt summaries
Debt summaries present information displaying the amount of bonds authorized by type of debt, as well as debt service summaries for future years resulting from this capital plan and all previous authorizations, separated by type of debt.
Model Toxics Control Act account report
Engrossed Substitute Senate Bill 5993, signed into law in 2019, requires OFM to identify ways to improve access to and understanding of budget information related to the Model Toxics Control Act account at the time the governor-recommended budget is released. This balance sheet combines proposed MTCA appropriations in the operating, capital and transportation budgets
Capital budget balance sheet
The capital budget is comprised of general obligation bonds and other funds. This balance sheet shows the funds utilized in the proposed 2023-25 biennial capital budget and the amount remaining for the 2024 supplemental budget.
