Bill > SB5802

This bill rebalances statutory fund transfers and revenue dedications for transportation, making several key changes to how funds are allocated and transferred between different state transportation accounts. The bill modifies transfers from the general fund to the Connecting Washington account, requiring specific quarterly transfers ranging from $13,987,000 in fiscal years 2024-2025 to $4,056,000 in fiscal years 2029-2031. It also introduces a significant transfer from the multimodal transportation account to the general fund of $111,896,000 in fiscal year 2026. Additionally, the bill mandates transfers to the Move Ahead WA flexible account, requiring $31,000,000 annually from fiscal year 2026 through 2038, with some variations in the transfer amounts. The legislation also adjusts sales tax allocations, specifying that beginning July 1, 2027, 0.1 percent of sales tax will be deposited in the multimodal transportation account. Furthermore, the bill modifies tax deferral provisions for specific transportation projects, including the State Route 16 and State Route 520 bridge replacement projects, adjusting the timeline for repayment of deferred taxes and clarifying legislative intent regarding the use of toll revenues to reimburse these tax deferrals.

Budget and Finance, Transportation and Infrastructure

https://app.leg.wa.gov/billsummary?BillNumber=5802&Year=2025&Initiative=false