Bill > SB291

This bill establishes the Capital Budget Act of 2025-2026, which sets the maximum debt limits for various capital projects in Pennsylvania for the fiscal year. Specifically, the bill authorizes a total of $1.57 billion in debt across five project categories: $1.1 billion for public improvement projects like buildings and structures, $20 million for furniture and equipment, $100 million for transportation assistance projects, $350 million for redevelopment assistance projects, and an unspecified amount for flood control projects. These funds can be drawn from the General Fund or specific special funds as applicable. The debt limits will remain in effect until the 2026-2027 capital budget is enacted, and the act is designed to provide financial guidance for infrastructure and development investments across the state. The bill includes a provision for immediate implementation upon passage, allowing state agencies to begin planning and executing capital projects within the specified budget constraints.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=291