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Committee hears proposal to authorize roughly $2 billion in transportation bonds
Summary
Staff briefed Substitute Senate Bill 6225, which would authorize roughly $1.1 billion in general obligation bonds plus $400 million for Move Ahead Washington projects and $500 million for SR 520—totaling about $2 billion in authorizations; members requested more detail on debt service and project allocations.
David Monicki, staff to the committee, briefed members on Substitute Senate Bill 6225, which would authorize multiple general obligation bond issuances for transportation purposes. Monicki described three components: a $1.1 billion general authorization to be deposited in the Move Ahead Washington account, $400 million targeted to complete Move Ahead Washington highway projects with construction‑cost overrun needs, and a $500 million increase in the SR 520 bond authorization. He said proceeds must be…
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