This bill creates the "Washington is simply unaffordable fund" in the state treasury and adds a new section to chapter 43.79 RCW. The fund is limited to reimbursing documented moving expenses for Washington residents with incomes below 300 percent of the federal poverty level who attest that the primary reason for their move was increasing unaffordability in Washington and who have moved to a state that ranks higher than Washington on the "relative value of $100" measure in the annual economic climate report issued under RCW 82.33A.010. The bill appropriates $7,000,000 (or as much as necessary) from the general fund—state to be deposited into the new fund for the fiscal year ending June 30, 2027. The State Treasurer is named as the recipient of the appropriation for deposit. Legally, this is a new program and fund established by statute with a one-time appropriation; it creates a reimbursement program and amends chapter 43.79 RCW by adding a section. The text provided does not specify which agency will administer the fund or process claims, does not define key terms such as "resident" or "documented moving expenses," does not describe verification procedures for attestation or how the comparative ranking is to be applied beyond citing RCW 82.33A.010, and does not provide application, reporting, audit, or reversion procedures. These administrative and definitional details are not included in the extracted facts.

If enacted, the state would create a dedicated fund that can reimburse Washington residents with incomes below 300% of the federal poverty level for documented moving expenses when they attest that the main reason for leaving was rising unaffordability and they actually move to a state that the cited annual economic climate report ranks as having a higher "relative value of $100" than Washington. The Legislature is putting $7 million (and potentially more, since the bill allows "as much as necessary") from the general fund into that account for the fiscal year ending June 30, 2027, and the State Treasurer would receive that deposit. The people most affected are lowand moderate-income Washington residents who are considering or make an out-of-state move for affordability reasons; those movers could get direct reimbursement for qualifying moving costs, while the state faces at least a $7 million budget outlay and possible additional obligations. Key operational details are missing from the text provided—who will run the program, how "documented moving expenses" and residency will be verified, how attestations are checked, whether there are per-person limits, and exactly how the report’s ranking is applied—so how quickly and easily residents can access money and how the program will be administered remain unclear.