2019-29 capital plan
Governor Inslee’s proposed capital budget appropriates nearly $5 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. An average of 14,000 jobs per year will be created or sustained by the work funded in the capital budget.
The following section presents the capital projects proposed for funding in the 2019-21 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.
This section presents three tables that describe the 2019-29 capital plan. Table 1 displays the recommended capital plan for each agency by project and fund source; Table 2 displays the 2019-21 capital program by source of funds; and Table 3 displays the 2019-29 10-year plan by appropriation type.
Alternative financing generally refers to Certificates of Participation. In the 2019-21 Governor proposed capital budget, the Office of the State Treasurer is authorized to issue Certificates of Participation for 10 projects totaling $78.5 million.
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.
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.