Reestablishing a state expenditure limit.

HB 2056 reestablishes a state spending cap for Washington's general fund and related funds, limiting annual expenditures to the previous year's cap adjusted for inflation and population growth. The bill creates a committee (including the state treasurer and legislative committee chairs) to calculate the annual spending limit using a new "fiscal growth factor" based on consumer price index changes and population shifts. It also requires lowering the spending cap if funds are shifted out of the general fund to other accounts or sources after January 2025. The law applies directly to state budgeting decisions and aims to constrain overall state spending growth.