We take a look at the House and Senate capital budget proposals in a new policy brief. Briefly:

• The House and Senate have both passed 2015–17 capital budgets, but a final version has not yet been agreed to.
• The House would appropriate $3.769 billion.
• The Senate would appropriate $3.623 billion.
• Both chambers would reduce 2013–15 capital appropriations by $113.6 million.
• Debt service would account for 5.88 percent of the Senate 2015–17 operating budget and 5.73 percent of the House operating budget.
• The Legislature has transferred significant amounts from the public works assistance account to the general fund in recent years.
• The Senate would make additional transfers from the PWAA to the general fund in the operating budget.
• The House would appropriate funds for PWAA loans to local governments in the capital budget.
• The Senate has also passed SB 6080, which appropriates $280 million in bonds for school construction related to class size reduction.