SB 947 Summary

• Authorizes $270.3 million in general obligation bonds (effective July 1, 2015) for state capital improvements including IT upgrades, infrastructure repairs, building renovations, and equipment purchases across multiple departments and agencies.

• Authorizes $135 million in housing bonds (effective July 1, 2015) for the Department of Housing to fund housing development, rehabilitation, and related programs including moderate rental housing and assistance for the homeless.

• Authorizes $336.1 million in grants-in-aid bonds (effective July 1, 2015) distributed to municipalities, nonprofits, and local school districts for school building improvements, open space acquisition, library construction, and economic development projects.

• Authorizes $671.4 million in special tax obligation bonds for the Department of Transportation (effective July 1, 2015) covering highway improvements, bridge repairs, public transit facilities, and aviation infrastructure funded through dedicated transportation revenues.

• Includes parallel authorizations of similar amounts effective July 1, 2016, plus additional provisions for pothole repair assistance, regional dog pound grants, and bikeway/recreational trail development programs.