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 borrows money to construct road, bridges, and ferry vessels through the issuance of municipal and revenue bonds. Debt financing of capital projects provides the citizens 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.
Bond Debt Charts