Permanent Building Fund report: $1.9 billion in active projects; committee reviews FY2026 capital requests

Legislative analysts told the Joint Finance‑Appropriations Committee that the permanent building fund now underwrites a large portfolio of multi‑year capital and maintenance projects and that project spending patterns vary because funds become continuously appropriated after the first appropriation year.

Frances Lippett, budget and policy analyst with legislative services, said the permanent building fund "contains seven statutory sources of revenue" including earmarked fees and portions of excise taxes. She said the division of public works reports the total value of active public works projects at $1.9 billion, of which $1.4 billion is for capital projects and roughly 42% of funding for capital projects had been committed as of the agency's November capital budget report.

The committee reviewed the Division of Public Works' FY2026 recommendation, a $122,861,900 package that includes six capital projects and $68,208,800 for alterations and repairs and…