Early this afternoon, the Senate released their proposed 2010 supplemental capital budget.

The Senate’s proposed capital budget places greater reliance on Evergreen’s local funds, including the school trust and a portion of student tuition.

Highlights of the proposed budget are below.

Senate Capital Budget Highlights

• Reduces appropriations for debt limit bonds by $139 million.
• The reduction of $139 million is a combination of reducing new appropriations for the 2009-11 biennium by $73 million and the reappropriation authority for projects authorized in the prior biennia by $66 million.
• Avoids exceeding the 9 percent constitutional debt limit.
• Captures $48 million in savings for major higher education construction projects from competitive bids received for these projects.
• Provides $36 million in funding for the replacement of Balmer Hall at the University of Washington.

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