The programs and agencies of state government are funded on a two-year basis. The capital budget generally includes appropriations for acquiring, constructing, and repairing capital assets such as land, buildings, and other infrastructure improvements. Funding for the capital budget is primarily from state general obligation bonds, with other funding derived from various dedicated taxes, fees, and state trust land revenues. The primary two-year budget is passed in odd-numbered years, and a supplemental budget making adjustments to the two-year budget is passed during even-numbered years. The current capital budget covers the period from July 1, 2021, through June 30, 2023.
The 2022 supplemental capital budget authorizes new capital appropriations of $1.51 billion in total funds, of which $107.3 million is financed with state general obligation bonds.
Additional detailed information may be found at: http://leap.leg.wa.gov/leap/budget/detail/2022/hc2022Supp.asp