Advisory – Senate capital budget to be introduced on Monday

OLYMPIA – Budget leaders in the Washington State Senate plan to release the 2023-25 capital budget proposal on Monday, March 20, at 10:30 a.m.

The state capital budget funds billions of dollars in affordable housing, school construction, land preservation and environmental protection, infrastructure and much more. It is an essential component of the Legislature’s work to address Washington’s housing crisis, and this year’s budget is expected to set a record for the largest ever investment in the state’s Housing Trust Fund. This is also the first budget to use money raised by the Climate Commitment Act auctions.

The budget details will be publicly available at fiscal.wa.gov at approximately 10:30 a.m. on Monday morning. It is presented by the Senate Democratic Caucus’ leaders on the capital budget, Sen. Mark Mullet (D-Issaquah) and Sen. Yasmin Trudeau (D-Tacoma).

The capital budget is planned to be heard in the Senate Ways & Means Committee on Monday, March 20, at 4 p.m. Members of the press and the public who wish to watch the hearing can do so on TVW.