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Appropriations Committee rereports capital budget bill after debate over RCAP debt limit

3643801 · June 4, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The House Appropriations Committee voted to rereport House Bill 13 32 as amended after debate over whether to raise the Redevelopment Assistance Capital Program debt limit; committee members cited existing unused authorization and bond proceeds.

The House Appropriations Committee on June 1, 2025, voted to rereport House Bill 13 32 as amended after approving an amendment addressing the Redevelopment Assistance Capital Program debt limit.

The bill provides for the capital budget for fiscal year 2025–26, and the amendment prompted debate about whether increasing the RCAP debt cap is necessary given current available capacity, bond proceeds and upcoming retirements.

An executive director for the committee summarized the bill…

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