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Public Works Board flags steep budget transfers, warns of near‑zero cash balance after June 2027
Summary
Board staff told members that supplemental budget changes leave the Public Works Assistance account with stretched cash flow — including a $375 million transfer scheduled for June 2027 — prompting debate over front‑loading awards, holding reserves and tracking deobligated funds.
The Public Works Board on April 3 received a detailed briefing on supplemental budget changes that, staff warned, will squeeze the Public Works Assistance account and complicate award planning.
Executive Director Maria Jawad told the board the capital appropriation authority for the account stands at about $379,500,000 and that a $10,000,000 addition from the natural climate solutions account brings total appropriation authority to $389,500,000. Jawad highlighted an additional scheduled transfer of $375,000,000 to the state general fund in June 2027 and said combined transfers for the biennium total roughly $777,000,000.
"That 375,000,000…
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