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GovernorInsleeproposal would authorize roughly $5 billion in bonds and $9.2 billion across funds, agency adviser tells Ways & Means
Summary
Office of Financial Management senior budget adviser Jen Masterson told the Senate Ways & Means Committee the proposal includes about $5 billion in bond authority, increased by $374 million tied to the governor's revenue package, and totals about $9.2 billion across all funds with major allocations for housing, broadband, climate and education.
For the record, my name is Jen Masterson. I'm the senior budget adviser for the capital budget at the state's Office of Financial Management, Masterson said as she opened her presentation to the Senate Ways & Means Committee on Jan. 3 in Olympia.
Masterson said the governor's capital proposal includes a little over $5,000,000,000 in bond authority and, when all funds are counted, totals about $9,200,000,000. "This amount was increased $374,000,000 due to the revenue package proposed by Governor Inslee," she said.
Why it matters: the capital budget sets state investments in schools, housing,…
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