David Schumacher
OFM Director (Chair)
Noah Purcell
Attorney General Designee
Sen. Andy Hill
Senate Ways & Means
Rep. Bruce Chandler
House Appropriations
Sen. James Hargove
Senate Ways & Means
Rep. Timm Ormsby
House Appropriations
The state General Fund budget and five related funds subject to a spending limit defined in RCW 43.135: State Expenditures Limitations.
The Expenditure Limit Committee was established in 2000 for the purpose of determining and adjusting the state expenditure limit. The members of the Expenditure Limit Committee are
Each November, the Expenditure Limit Committee adjusts the limit for the previous and current fiscal year, and projects a limit for the following two years. Generally speaking, the expenditure limit is the actual spending level from the prior year multiplied by the fiscal growth factor, plus or minus any adjustments required by statute. The fiscal growth factor is the average growth in state personal income for the prior ten fiscal years.
November 2015 Meeting Materials
Spending Limits November 21, 2015 |
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---|---|---|
Fiscal Year | Spending Limit | |
FY 2014* | $16,089.6 million | |
FY 2015 | $16,634.1 million | |
Total 2013-15 Biennium | $32,723.7 million | |
Note: Totals may not tie due to rounding.
|
Fiscal Year | Fiscal Growth Factor | Status |
---|---|---|
FY 2012 | 4.34% | |
FY 2013 | 4.40% | |
FY 2014 | 4.65% | |
FY 2015 | 4.48% | |
FY 2016 | 4.33% | Final |
FY 2017 | 4.37% | Subject to revision |
FY 2018 | 4.08% | Unofficial |
FY 2019 | 3.82% | Unofficial |