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Supplemental session reshuffles Climate Commitment Act money; SRC leaders warn of future cuts to recovery programs
Summary
The 2026 Washington supplemental session redirected a one‑time Climate Commitment Act windfall into capital and operating accounts, refinancing bond projects and shifting cash to the general fund; SRC staff and members warned this could leave a smaller, declining CCA pool for core recovery programs going forward.
Don, the council’s legislative lead, delivered a detailed briefing on the 2026 supplemental session and its implications for Puget Sound recovery funding.
Don summarized the central mechanism of the session as a one‑time reallocation: unusually high CCA (Climate Commitment Act) auction revenues created an $800 million windfall that the legislature used to refinance previously bonded capital projects with CCA money, which freed cash/bond capacity that was then moved into the operating budget to help close an operating deficit. "This is kind of a ... mechanism that the legislature used to move money around to…
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