Requires the Washington state institute for public policy to facilitate and staff a group of Washington citizens to become the committee on Washington's finances.

Requires the committee to conduct a study to determine the best ways to identify and fund the necessary services for Washington's citizens.

Requires the committee to present a final report of the findings of the study and the alternatives developed by the committee to the ways and means committee in the senate and the finance committee in the house of representatives by November 30, 2009.