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How States Budget for Capital (2474 words) |
 | In many States, however, significant amounts of capital expenditures, such as those for transportation (mainly highways) or special authorities (e.g., university systems, hospitals, or toll roads), or aid to localities, are not included in the State capital budget, or perhaps even in the State budget generally. |
| In some cases the capital budget is a separate capital appropriations bill, in some cases it is several bills, and in others the capital projects are parts of appropriations bills that include operating expenditures. |
| It should also be understood that capital budgets are not always enacted with the operating budget, and a capital budget is often for mutli-year projects, not just for spending for the next fiscal year. |
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