SJR 8201, officially the Allow Investment of Long-Term Services and Supports Trust Fund in Stocks and Other Equities Amendment, is a legislatively referred that will appear on the ballot in the U.S. state of Washington on November 4, 2025, concurrent with the 2025 United States elections.
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Allow Investment of Long-Term Services and Supports Trust Fund in Stocks and Other Equities Amendment | ||
Background
editThe Long-Term Services and Supports Trust Fund, also known as the WA Care Fund, is a long-term care insurance program that provides assistance to members of the state workforce as they age. It was signed into law in 2019 and survived an attempt to repeal it in 2024. It is funded as a 0.58% tax on the paychecks of workers in the state.[1]
In 2025, Governor Bob Ferguson and John Braun, the Republican leader of the Washington State Senate joined together to support a ballot measure that would allow the state to invest in the stock market using funds from the WA Care Fund. After the initial announcement, it received support and opposition from both parties.[2]
Endorsements
edit- Statewide officials
- Bob Ferguson, Governor of Washington (2025–present)[3]
- State legislators
- John Braun, minority leader of the Washington State Senate (2020–present) and state senator from the 20th district[2]
- State legislators
- Peter Abbarno, state senator from the 20th district[4]
- Bob Hasegawa, state senator from the 11th district[5]
- Joe Schmick, state representative from the 9th district[4]
- Mark Schoesler, state senator from the 9th district[4]
References
edit- ^ Cornfield, Jerry (June 6, 2025). "Washington's long-term care program nears liftoff". Washington State Standard. Retrieved August 30, 2025.
- ^ a b Cornfield, Jerry. "Should WA Cares funds be invested in the stock market? Ferguson says yes". Washington State Standard. Retrieved August 30, 2025.
- ^ New, Elizabeth (May 1, 2025). "Washington state Legislature 2025: That's a wrap". Washington Policy Center. Retrieved August 30, 2025.
- ^ a b c "State Measures - Senate Joint Resolution No. 8201 Arguments For and Against". VoteWA. Retrieved August 30, 2025.
- ^ Cornfield, Jerry (May 2, 2025). "Decision on investing WA Cares tax dollars in stock market goes to ballot". Washington State Standard. Retrieved August 30, 2025.