Capital Budget Overview

Issue brief
State Budgets Taxes & Fees 

The biennial capital budget makes appropriations for projects tangible in nature that have a long useable life, such as schools and other public buildings, parks, low-income housing, water infrastructure, and habitat restoration. It is funded through a variety of fund sources, including general obligation bonds (a type of municipal bond backed by the credit and taxing power of the state or local government), dedicated cash accounts, federal funds, and alternative financing contracts.