2025 Washington Resolution 8201
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November 4, 2025
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Allow Investment of Long-Term Services and Supports Trust Fund in Stocks and Other Equities Amendment | |||||||||||||
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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.[1]
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.[2]
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.[3]
Endorsements
- Statewide officials
- Bob Ferguson, governor of Washington (2025–present) (Democratic)[4]
- Mike Pellicciotti, state treasurer (2021–present) (Democratic)[5]
- Duane Davidson, former state treasurer (2017–2021) (Republican)[5]
- State legislators
- 11 Republican state senators,[5] including:
- John Braun, minority leader of the Washington State Senate (2020–present) and state senator from the 20th district (2013–present)[3]
- 13 Democratic state senators[5]
- 23 Democratic state representatives[5]
- Labor unions
- Service Employees International Union 775[6]
- SEIU 1199NW[5]
- Professional & Technical Employees Local 17[5]
- SEIU6 Property Services Northwest[5]
- United Food and Commercial Workers Local 3000[5]
- Washington State Labor Council[5]
- Washington State Nurses Association[5]
- Organizations
- AARP[5]
- Economic Opportunity Institute[5]
- Planned Parenthood Alliance Advocates[5]
- National Organization for Women Seattle[5]
- Snohomish County Indivisible[5]
- Fuse Washington[5]
- ALS Association[5]
- National Multiple Sclerosis Society[5]
- Northwest Progressive Institute[7]
- Political parties
- Newspapers
- State legislators
- Peter Abbarno, state senator from the 20th district (2021–present) (Republican)[14]
- Bob Hasegawa, state senator from the 11th district (2013–present) (Democratic)[15]
- Joe Schmick, state representative from the 9th district (2007–present) (Republican)[16]
- Mark Schoesler, state senator from the 9th district (2005–present) (Republican)[14]
Polling
| Poll source | Date(s) administered |
Sample size[a] |
Margin of error |
Yes | No | Undecided |
|---|---|---|---|---|---|---|
| Emerson College[17][A] | October 20–21, 2025 | 600 (LV) | ± 4.0% | 47% | 33% | 21% |