Lower revenues have hit Washington’s largely gas-tax funded transportation budget, but they’ve been offset somewhat by lower construction bids and favorable capital markets, according to a report Tuesday from the chair of the state House Transportation Committee, Judy Clibborn, D-Mercer Island.

The state adopted a two-year $7.5 billion transportation budget last year. In their session this year, few modifications are planned other than a substantial infusion of federal stimulus funding, Clibborn’s report said.

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