HB1471 transfers funds from the budget stabilization account to the state general fund for fiscal year 2026, with repayments scheduled for 2028 and.

HB1471 involves the transfer of $1,632,500,000 from the budget stabilization account to the state general fund by June 15, 2026, to support state services. The act mandates that the state treasurer repay the budget stabilization account with $816,250,000 on June 30, 2028, and another $816,250,000 on June 30, 2029. This transfer aims to address increasing costs and utilization of services to maintain critical services for Washingtonians' health, welfare, and public safety.

HB1471 transfers funds from the budget stabilization account to the state general fund for fiscal year 2026, with repayments scheduled for 2028 and.

HB1471 involves the transfer of $1,632,500,000 from the budget stabilization account to the state general fund by June 15, 2026, to support state services. The act mandates that the state treasurer repay the budget stabilization account with $816,250,000 on June 30, 2028, and another $816,250,000 on June 30, 2029. This transfer aims to address increasing costs and utilization of services to maintain critical services for Washingtonians' health, welfare, and public safety.