HB 2402
An Act providing for the capital budget for fiscal year 2026-2027; itemizing public improvement projects, furniture and equipment projects, transportation assistance, flood control projects, Pennsylvania Fish and Boat Commission projects and Manufacturing Fund projects leased or assisted by the Department of General Services and other State agencies, together with their estimated financial costs; authorizing the incurring of debt without the approval of the electors for the purpose of financing the projects to be constructed, acquired or assisted by the Department of General Services and other State agencies; authorizing the use of current revenue for the purpose of financing the projects to * * *
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This act outlines the Pennsylvania Capital Budget for fiscal year 2026-2027, detailing funding for a wide range of state projects. It authorizes the use of both debt financing and current revenue to cover costs for public improvements, furniture and equipment, transportation, flood control, Fish and Boat Commission projects, Manufacturing Fund projects, and critical infrastructure investments. The act also specifies the estimated financial costs associated with these projects and includes provisions for project itemization and useful life estimations.
Key provisions
- Allocates $32.314 billion for public improvement projects, including renovations, new construction, and site improvements across various departments.
- Authorizes the use of debt financing to fund capital projects, bypassing the need for voter approval.
- Provides $917.2 million for furniture and equipment projects to support state operations.
- Designates specific funding amounts for transportation assistance projects, totaling $2.597 billion.
- Details funding for flood control projects, amounting to $9.9 million.
- Outlines funding for Pennsylvania Fish and Boat Commission and Manufacturing Fund projects, utilizing both debt and current revenue.
- Includes a critical infrastructure investment allocation of $1 billion.
- Specifies the estimated useful life of projects to be financed.
Who is affected
- Pennsylvania State Government Agencies
- Pennsylvania Residents
- Educational Institutions (University of Pittsburgh)
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