The Capital Budget Act of 2025-2026 establishes the maximum principal amount of additional debt that the Commonwealth of Pennsylvania may incur for various capital projects during the fiscal year 2025-2026. The total amount of debt authorized is $1,570,000,000, which is allocated across several categories of projects. Specifically, $1.1 billion is designated for public improvement projects related to buildings and structures, $20 million for furniture and equipment, $100 million for transportation assistance projects, $350 million for redevelopment assistance projects, and no funding for flood control projects.
This act outlines the funds to be charged with the repayment of the incurred debt, which will be drawn from the General Fund or Special Fund as applicable. The act takes effect immediately upon enactment, ensuring that the capital budget provisions are in place for the specified fiscal year.