Officials explain 'cash fund' pay‑as‑you‑go approach for capital projects to Appropriations panel
May 21, 2025
Joint Fiscal Office and finance staff described the Cash Fund for Capital and Essential Infrastructure Investments, how recent transfers were used, and policy questions about guardrails, bonding capacity and long‑term funding strategy.
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Emily Byrne of the Joint Fiscal Office and Scott Moore, a finance manager at JFO, briefed the House Appropriations Committee on May 20 about the state's cash fund approach for capital projects — the pay‑as‑you‑go alternative to traditional general obligation bonding.
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