State's spending limit to be put to test in 2005 OLYMPIA,WA – Today the state's Expenditure Limit Committee adopted the I-601 spending levels for the 2005-07 budget. I-601, Washington's spending limit law, was enacted by voters in 1993 in response to rising taxes and out-of-control state spending. Including the state's 2003-05 estimated ending fund balance and 2005-07 forecasted revenue, the state is expected to have access to $256 million in excess of the legal spending limit. State officials have already expressed a desire to spend more that the limit would allow. 2005-07 I-601 spending limit: $25,107 million 2005-07 forecasted revenue:...