Pennsylvania HB1332 sets the capital budget for fiscal year 2025-2026 and limits debt for redevelopment assistance capital projects.
Pennsylvania HB1332, known as the Capital Budget Act of 2025-2026, establishes the capital budget for the fiscal year 2025-2026. It specifies the maximum principal amount of additional debt for various capital projects, including public improvement projects, furniture and equipment, transportation assistance, redevelopment assistance, and flood control projects. The act limits the debt for redevelopment assistance capital projects to $350,000,000, charged to the General Fund. The act takes effect immediately.
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