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Initiative 1464, campaign finance

Washington could make the most significant revision to state campaign finance laws in decades, and create a system that would let voters send up to $150 every other year to the political candidates of their choosing, without spending anything out of their own pockets.
This proposal also could require more information about who’s paying for the political ads that bombard the public during campaign season. It could limit the amount of money lobbyists can give to candidates. It could force former elected officials and their senior staff to wait three years before signing up to lobby former colleagues.
The voucher system called for in Initiative 1464 would give voters three $50 “democracy credits” that they can use in state races every two years. The name of the person sending the credit would be reported to the Public Disclosure Commission.
To redeem the vouchers, participating political candidates would have to pledge to limit self-financing, as well as the size of donations they accept.
To pay for the statewide system, the measure would repeal the non-resident sales tax exemption for residents of sales-tax-free states like Oregon and Montana who shop in Washington.

Election results

153
Option Votes Pct
No 1,458,479 53.65%
Yes 1,259,903 46.35%

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