WeVote
Log In

Bill

Bill

SB 5787

Making expenditures from the budget stabilization account for declared catastrophic events.

2025-2026 Regular Session Introduced by Derek Stanford

SB 5787 allows Washington to tap its budget stabilization reserve fund during declared catastrophic events for emergency disaster response and recovery.

Public hearing in the Senate Committee on Ways & Means at 4:00 PM.
0
WeVote Research Nonpartisan
Bill Summary · SB 5787

Legislative bill overview

SB 5787 authorizes the state to withdraw funds from Washington's Budget Stabilization Account (the state's "rainy day fund") to respond to declared catastrophic events. The bill establishes a mechanism for emergency spending during major disasters without requiring the typical legislative appropriations process.

Why is this important

Washington's Budget Stabilization Account exists specifically to smooth revenue volatility and fund emergency needs, but current law restricts when and how those funds can be accessed. This bill would enable faster financial response to major disasters (earthquakes, wildfires, floods, etc.) by removing procedural barriers, potentially saving lives and reducing economic damage during critical periods when immediate resources are needed.

Potential points of contention

  • Definition concerns: The bill's effectiveness depends on how "declared catastrophic events" are defined—overly broad language could enable discretionary spending while overly narrow language could prove inadequate during emergencies
  • Fiscal conservatism: Some legislators may oppose depleting the stabilization fund, arguing it weakens the state's financial cushion for economic downturns or future crises
  • Oversight and accountability: Questions about what declaration process triggers access, who decides eligibility, and how quickly funds can be deployed versus ensuring adequate legislative oversight and public accountability

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.