Bill > SB6357

This bill, concerning budget sustainability, amends existing laws to adjust how "available fiscal resources" are calculated for state operating budgets in future fiscal biennia, specifically for the 2027-2029 and 2029-2031 periods. Previously, "available fiscal resources" were calculated based on a more complex formula involving forecasts for the current and ensuing biennia, with a 4.5% increase for each future year. The bill modifies this by stipulating that for these specific future biennia, "available fiscal resources" will be based solely on the official general fund revenue forecast, simplifying the calculation and potentially impacting how much can be budgeted. This change aims to ensure that projected spending does not exceed anticipated revenues, contributing to the overall budget sustainability of the state.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=6357&Year=2025&Initiative=false