Bill > HB1332

This bill establishes the Capital Budget Act of 2025-2026, setting specific limitations on debt for various capital projects in Pennsylvania. The bill authorizes a total of $1,570,000,000 in debt across five project categories: $1,100,000,000 for public improvement projects like buildings and structures, $20,000,000 for furniture and equipment, $100,000,000 for transportation assistance projects, $350,000,000 for redevelopment assistance projects, and an unspecified amount for flood control projects. Additionally, the bill sets an aggregate limit of $3,350,000,000 for outstanding redevelopment assistance capital project obligations. The legislation also includes a technical repeal of a previous capital budget act (Section 2.1 of the May 29, 2020 Capital Budget Act) to effectuate this new budget, and specifies that the act will take effect immediately upon passage. These provisions outline the Commonwealth's planned capital expenditures and debt capacity for the fiscal year 2025-2026, providing a framework for infrastructure and development investments.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=1332