Later this afternoon, the House released their proposed 2010 supplemental capital budget.  The Senate’s proposed capital budget is expected later this week.

Highlights of the proposed budget are below. Details regarding the specific impact to Evergreen will follow soon.

House Capital Budget Highlights

• Avoids exceeding the 9 percent constitutional debt limit should general state revenues decline, interest rates rise, and potential emergencies occur.
• Reduces the overall bond appropriations by $31 million.
• Directs the Office of Financial Management to work with state agencies to achieve savings in the amount of $42 million by reducing allotments or by withholding allotment approval for those projects that have not demonstrated substantial progress towarwd contract execution by November 30, 20010.
• Provides $200 million to create jobs through energy efficiency improvements in K-12 public schools.
• Provides $100 million towards housing assistance.

Details of the House proposed 2010 capital budget can be found on the Washington State Legislative Evaluation & Accountability Program Committee Website.