Bond Retirement and Interest
Bond Retirement and Interest provides the functional support to the State Finance Committee in its statutory role. Activities include budgeting and accounting for the state’s debt program, the sale of state bonds, disbursement of debt service on outstanding long term debt, certification of the constitutional debt limit, administration of the state and local lease purchase programs, and administration of the school bond guarantee program.
| Request | 6,818,402,000 |
|---|---|
| Net change from current biennium | 625,704,000 Increase |
| Percent change from current biennium | 10.1% Increase |
Operating Budget: Summary
Appropriated Funds
| 2021-23 Appropriations | Appropriated Funds | Expenditures | |||
|---|---|---|---|---|---|
| Amount | Estimated Balance | 2019-21 Actual | 2021-23 Estimated | 2023-25 Proposed | |
| (199,129,000) | SR #520 Corridor Account - Federal | 199,129,000 | 198,705,000 | ||
| 199,129,000 | Toll Facility Bond Retirement Acct - Federal | 199,521,875 | 199,129,000 | 194,241,000 | |
| COP/Other Financing Account - Local - Nonappropriated | 134,209 | ||||
| COP/Other Financing Account - State - Nonappropriated | 1,018,120 | ||||
| 2,610,318,000 | General Fund - State | 2,384,991,925 | 2,610,318,000 | 3,048,918,000 | |
| 23,572,000 | State Building Construction Account - State | 5,053,742 | 23,572,000 | 16,913,000 | |
| (17,150,000) | Puget Sound Capital Construction - State | 17,150,000 | 4,616,000 | ||
| 944,000 | (512,873,000) | Transportation Partnership Account - State | 248,903 | 513,817,000 | 512,740,000 |
| (308,777,000) | Motor Vehicle Account - State | 308,777,000 | 316,191,000 | ||
| 16,000 | 16,000 | Columbia River Basin Water Supply - State | 14,473 | ||
| 20,000 | (18,152,000) | Transportation Improvement Account - State | 18,172,000 | 10,914,000 | |
| (101,748,000) | SR #520 Corridor Account - State | 101,748,000 | 101,744,000 | ||
| 1,960,000 | (132,202,000) | Connecting WA account - State | 1,679,325 | 134,162,000 | 146,407,000 |
| 308,000 | (31,835,000) | Special Category C Account - State | 29,055 | 32,143,000 | 30,090,000 |
| (29,278,000) | Multimodal Transportation Account - State | 29,278,000 | 28,605,000 | ||
| 1,408,622,000 | 3,489,000 | Highway Bond Retirement Account - State | 1,308,271,130 | 1,405,133,000 | 1,633,837,000 |
| 17,150,000 | Ferry Bond Retirement Account - State | 25,077,375 | 17,150,000 | 4,616,000 | |
| 18,152,000 | (1,000) | TIB Bond Retirement Account - State | 12,054,042 | 18,153,000 | 10,895,000 |
| 561,000 | State Tax Bld Construction Account - State | 124,480 | 561,000 | 1,052,000 | |
| School Constr & Skill Ctrs Bldg - State | 4,527 | ||||
| 220,000 | Watershed Restor Enhance Bond Acct - State | 25,360 | 220,000 | 248,000 | |
| 511,000 | Debt-Limit Reimbursable Bond Ret - State | 564,900 | 511,000 | 119,000 | |
| 84,232,000 | Nondebt-Limit Reimbursable Bond Ret - State | 181,512,338 | 84,232,000 | 80,336,000 | |
| 101,748,000 | Toll Facility Bond Retirement Acct - State | 110,934,514 | 101,748,000 | 101,744,000 | |
| (377,595,000) | Transportation 2003 Acct (Nickel A) - State | 377,595,000 | 374,829,000 | ||
| I-405 and SR-167 Express Toll Lanes - State | 642,000 | ||||
| 4,467,463,000 | (1,725,235,000) | Total Appropriated Funds | 4,231,260,292 | 6,192,698,000 | 6,818,402,000 |
Non-Appropriated Funds
Operating Budget: Program Summary
| Program Title | Actual | Estimated | Proposed | ||
|---|---|---|---|---|---|
| Actual | Estimated | Estimated | Proposed | Proposed | |
| Annual Total | 2,111,528,344 | 2,187,688,679 | 1,352,058,541 | 2,377,706,000 | 2,511,308,000 |
Operating Budget: Change from Preceding Biennium
| Actual | Estimated | Proposed | |||
|---|---|---|---|---|---|
| Amount | Percent | Amount | Percent | Amount | Percent |
| 137,662,821 | 3.4% | (690,360,743) | (16.3%) | 1,349,266,780 | 38.1% |
Employment Summary
| Actual | Estimated | Proposed | |||
|---|---|---|---|---|---|
| 2020-21 Actual | 2021-22 Estimated | 2022-23 Estimated | 2023-24 Proposed | 2024-25 Proposed | |
| FTE Staff Years | |||||
