Limiting annual state spending growth to median worker wage growth, with excess revenues dedicated to property tax relief.

 S-0392.2

SENATE BILL 5151

State of Washington

69th Legislature

2025 Regular Session

By Senators Gildon, Braun, Christian, Fortunato, Warnick, and J. Wilson

Prefiled 01/07/25. Read first time 01/13/25. Referred to Committee on Ways & Means.

AN ACT Relating to limiting annual state spending growth to median worker wage growth, with excess revenues dedicated to property tax relief; amending RCW 84.55.010 ; adding new sections to chapter 43.135 RCW; and adding a new section to chapter 82.33 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1. A new section is added to chapter 43.135 RCW to read as follows:

CREATING A STATE EXPENDITURE LIMIT. (1) Beginning with the fiscal year starting July 1, 2026, the state may not expend from the general fund and related funds during any fiscal year state moneys in excess of the state expenditure limit established under this chapter.