Senate Joint Resolution 8223 would change the constitution, which generally bars the investment of state funds in stocks, bonds or private companies although there are exceptions for some categories such as state employees’ pension funds and the workers compensation insurance funds. This would add a new exception, allowing Washington State University and the University of Washington to invest in private funds the Legislature will specify. Supporters say well-managed investments will provide money that doesn’t come from tax revenue, at a time when the state has cut funding and courses have been limited. Opponents say there aren’t enough safeguards to limit how much the universities can invest, will allow the schools to make risky investments rather than spending the money on student programs.
Should this constitutional amendment be Approved or Rejected?