The manner in which the state of Washington conducts its fiscal affairs is a matter of public interest and concern. Polities that seek to strike a balance between the funding of necessary state services and maintaining an equitable and affordable tax burden form the very center of public policy. It is important that these policies serve the public interest and are directed towards improving the overall financial condition of the state of Washington.

In order to promote a sound knowledge and understanding of the state's financial condition and to identify and consider policies and issues that can positively contribute to our state's financial well-being, it is desirable to establish a council to advise the Governor on a broad range of fiscal matters.

NOW, THEREFORE, I, John Spellman, Governor of the state of Washington, by virtue of the authority vested in me, do hereby order and direct the following:

A. An advisory council shall be established to be known as the Governor's Council of Financial Advisors.

B. Members of the Council shall be appointed by the Governor.

C. The Governor or the Governor's designee shall serve as the chairperson of the Council.

D. The Council shall advise the Governor on state financial matters including the state budget, tax policy, the issuance of debt and debt management, cash managements and other fiscal matters that reflect upon the overall financial condition of the state of Washington.

E. The Office of Financial Management shall provide administrative support to the Council and shall coordinate staff support for the Council with other relevant agencies.

IN WITNESS WHEREOF, I have hereunto set
my hand and caused the seal of the State of
Washington to be affixed at Olympia this
26th day of January A.D., Nineteen hundred and eighty-four.

John Spellman
Governor of Washington


Secretary of State