WA SB5151

State expenditure limit established beginning July 1, 2026, capping general fund and related funds spending growth at the average median wage growth over the prior 10 fiscal years

State treasurer prohibited from issuing checks, warrants, or vouchers that would exceed the expenditure limit, with violations subject to penalties under RCW 43.88.300

Economic and revenue forecast council required to calculate the annual spending growth cap by December 1st each year, based on median hourly wage data from the employment security department

Excess revenues above the expenditure limit must be used to reduce the state property tax rate under RCW 84.52.065, with calculations due by December 1, 2027 and annually thereafter

Legislature must adjust the expenditure limit when program costs or revenues are shifted between the general fund and other accounts, with exceptions for lottery education revenues, budget stabilization account, and Connecting Washington account