What’s next with investing WA’s long-term care fund in stocks

What’s next with investing WA’s long-term care fund in stocks

Jerry Cornfield/Washington State Standard

November 18, 2025 / 11:55 am

Voters decided this month to allow payroll taxes collected for Washington’s new long-term care program to be invested in the stock market.

But they will have to wait a while for the decision to begin paying dividends.

Nearly 58% of voters approved Senate Joint Resolution 8201 amending the state constitution to end restrictions on the types of investments that can be made with dollars flowing into the WA Cares fund.

The state constitution generally bars investing public money in the stock of private companies, limiting state and local governments to fixed-income securities like government bonds, treasury bills and certificates of deposit that are le