Washington voters poised to authorize stock market investments for WA Cares Fund

Washington voters are leaning towards approving a measure to allow the WA Cares Fund to invest in higher-yield markets, with 56. 78% of preliminary votes in favor. The proposed amendment, Senate Joint Resolution 8201, aims to lift current restrictions that limit the fund's investments to fixed-income securities like bonds. Advocates claim that this change could yield an additional $67 billion over the next 50 years without raising taxes. Coastal counties and several inland regions show strong support, while Chelan County remains divided.

Critics highlight the risks involved in stock market investments, referencing significant losses during past recessions as reasons to stick with safer options. Notable bipartisan support exists among lawmakers, with endorsements from various health and aging organizations. The previous attempt to amend investment restrictions failed in 2020, when 54% of voters opposed similar changes. Election results will continue to be updated as ballots are counted.