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 appeared on the ballot in the U.S. state of Washington on November 4, 2025, concurrent with the 2025 United States elections. The resolution was approved by voters, with 58% voting in support and 42% voting in opposition.
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.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.