Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Institutions committee revises capital spreadsheet, rebalances bonding and cash to free $4.5 million for grants
Summary
Legislative fiscal staff presented a revised capital spreadsheet that trims some bonded projects, reorders reallocations and frees about $4.5 million in cash — $2 million of which is earmarked for three community projects — while the panel debates shifting major maintenance from cash to bonded funding to stay within capacity.
Legislative fiscal staff told the Institutions Committee on March 19 that a new version of the capital spreadsheet trims some projects and reshuffles reallocations so the bill, as drafted, frees roughly $4.5 million in cash for appropriation.
The spreadsheet, identified in committee as version 1.2 and distributed by staff, shows total proposed bonded capital projects of about $104.6 million and a bonding capacity figure the staff described as roughly $106.9 million (the governor's recommended bonding plus bond premium). Scott Moore of the Joint Fiscal Office walked members through…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
