Debate on investing WA Cares funds in the stock market heats up

Senate Joint Resolution 8201 seeks voter approval to allow stock market investments for the WA Cares Fund, which supports long-term care in Washington. Supporters, including Greg Markley, emphasize that such investments could lead to higher returns and sustainable program funding. They highlight that the Washington State Investment Board has achieved returns of 7% or more on pension funds, suggesting potential benefits for the trust account. Opponents, led by Sen. Bob Hasegawa, argue this approach risks taxpayer dollars, framing it as "financial roulette.

" The WA Cares program is funded by a 0. 58% payroll tax and is set to provide $36,500 in benefits starting in 2026. Voters previously rejected a similar investment measure in 2020. With tax collections totaling $2 billion as of March 2025, supporters believe public understanding of the program has improved since then. The outcome of this debate may significantly impact the future of long-term care funding in Washington.