Hawaii Gov. Neil Abercrombie Monday announced his amended budget proposal for fiscal 2012 and 2013.
The amended proposal reflects a more thorough review of the one the newly elected Democrat first submitted in December, which was largely inherited from his Republican predecessor, Linda Lingle.
It includes significantly more capital spending — $1.2 billion in fiscal 2012, and $503 million in fiscal 2013, a cumulative increase of $725 million.
The financing proposal includes $819.8 million of general obligation bonds in fiscal 2012 and $247.8 million the following year.
Abercrombie said his capital budget focuses on funding improvement projects that are ready to go and can be completed in two years.
On the operating budget side, the governor proposed $294 million in additional general fund spending over the two years.
