Voters to Decide if WA Cares Tax Dollars Can Be Invested in Stock Market

Voters to decide if WA Cares tax dollars can be invested in stock market

A ballot dropbox in Olympia, Wash. on March 12, 2024. (Bill Lucia/Washington State Stadard)The first item on every Washington voter’s ballot is a proposal to add a few lines to the state constitution that would change how billions of taxpayer dollars are managed. Senate Joint Resolution 8201 seeks to let the state make stock market investments with payroll taxes collected for its long-term care program, known as WA Cares. Any earnings would have…

Fiscal sanity or risky gamble? Allowing state to invest WA Cares Fund in stock market

(The Center Square) – Proponent Heather Weiner and opponent Bob Hasegawa, a state senator representing the 11th Legislative District in King County, recently debated Senate Joint Resolution 8201, a proposed

Resolution 8201: Should the WA Cares Fund play the stock market? – RANGE Media

Some may compare playing the stock market to gambling, but we just thought this was funny. (Art by Valerie Osier) How should Washington state invest funds for long-term care for an aging population? That’s the question behind Senate Joint Resolution (SJR) 8201, which is on your ballot this year. Here’s how it looks: The legislature has proposed a constitutional amendment on allowing money in Washington’s long-term care fund to be invested. This …