HB 1125 – House Proposed 2023-25 Transportation Budget (updated April 3)

Bill brief
Transportation 

Last year’s budget included $11.6 billion for the 2021-23 biennium with sizeable unexpected federal amounts. The March revenue forecast projects $7 billion in state revenues for 2023-2025. HB 1125 proposes spending $13.2 billion. There is $860 million in funding that was unspent by 2023 that is being moved into the next biennium which is referred to as ”reappropriation”. Bond servicing will cost $1.8 billion. This includes the final revision for the 2021-23 biennium (second supplemental budget), a reduction of $1.3 billion.


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