12:00 am
June 26, 2015
Although a new transportation revenue package has not been agreed to yet, a current law transportation budget for 2015-17 has been enacted. We take a look at what’s included in a new policy brief. Briefly:
- The Legislature has enacted a current law transportation budget for 2015–17.
- It appropriates $7.619 billion in operating and capital funds, a reduction of 16.9 percent from 2013–15.
- $2.228 billion is appropriated for highway improvements, including $1.765 billion for projects funded by the 2003 Nickel and 2005 Transportation Partnership programs.
- $515.9 million is appropriated for highway preservation projects.
- $410.5 million is appropriated for highway maintenance.
- $745.3 million is appropriated for state ferries.
- $1.521 billion is appropriated for debt service.
- The Legislature also passed a 2013–15 supplemental that reduces funds for the biennium by $702 million.