Review financial information relevant to the Washington State Department of Transportation, including financial planning and remaining bonding authorization.
The state uses financial plans for monthly, annual and biennial projections of sources (e.g. revenue, bond proceeds, federal funds, and transfers) and uses (e.g. expenditures). These plans include forecasted revenues and projected expenditures and are used to estimate biennial cash flow needs and to make decisions on when to issue debt authorized by the Legislature. The financial planning horizon differs in length depending on the type of fund or account and requirements as found in master bond resolutions and loan agreements.
All about bonds
The Washington State Department of Transportation (WSDOT) borrows money to build roads, bridges and ferry vessels through the issuance of municipal and revenue bonds. Debt financing of these capital projects enables the residents of Washington to pay for the benefits received from the project over time. This allows future users, who also benefit from the project, to contribute to its construction.
State-by-state fuel tax comparison
The American Petroleum Institute provides information about how Washington state fuel tax compares to other states in the nation.