The Washington House of Representatives passed a $2.8 billion capital budget Wednesday that includes $1.1 billion in bond sales over two years.
However, the capital budget would reduce the state’s statutory debt limit to 7.75% from 8.75% by 2020.
It is the state’s smallest capital budget in 10 years.
The capital budget uses funding primarily from general obligation bonds, trust revenues and dedicated taxes and fees to fund public works projects.