2025 Washington Resolution 8201
2025 referendum
2025 Washington Resolution 8201
SJR 8201, officially the Allow Investment of Long-Term Services and Supports Trust Fund in Stocks and Other Equities Amendment, is a legislatively referred constitutional amendment that will appear on the ballot in the U.S. state of Washington on November 4, 2025, concurrent with the 2025 United States elections .
Background
The 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
Yes
Statewide officials State legislators Newspapers Organizations
References
^ 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 . ^ Leyden, Henry (September 24, 2025). "Washington voters have an opportunity to strengthen the WA Cares Fund by voting "Approved" on SJR 8201 this autumn" . Northwest Progressive Institute . Retrieved September 28, 2025 . NPI urges Washington State voters to vote "Approved" on SJR 8201 this autumn ^ "Approve SJR 8201 to grow WA Cares Fund" . The Seattle Times . September 17, 2025. Retrieved September 20, 2025 .^ Cornfield, Jerry (September 5, 2025). "Debate on investing WA Cares funds in the stock market heats up" . Washington State Standard . Retrieved September 7, 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 .
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