The Capital Budget Act of 2026-2027 establishes the financial framework for capital projects in Pennsylvania for the fiscal year 2026-2027. It specifies a maximum principal amount of additional debt to be incurred, totaling $1,645,000,000, which will be allocated across various categories of capital projects. These categories include public improvement projects, furniture and equipment, transportation assistance projects, redevelopment assistance projects, and flood control projects, with specific amounts designated for each category. The funds for repayment of this debt will come from either the General Fund or Special Fund, as applicable.

The act outlines the following allocations: $1.2 billion for buildings and structures, $20 million for furniture and equipment, $100 million for transportation assistance, $325 million for redevelopment assistance, and no funding for flood control projects. The act is set to take effect immediately upon enactment, ensuring that the capital budget can be implemented without delay.