The Seattle Times editorial board supports Senate Joint Resolutions 8205 and 8206, which are on the November ballot.
THE Seattle Times supports the two state constitutional amendments on the ballot, Senate Joint Resolutions 8205 and 8206 — especially 8206, which requires the Legislature to set aside more money during boom years.
In 2007, voters approved a “rainy-day fund” to set aside 1 percent of the general fund when times were good. The idea was to spend less in the good years and have the money available in the bad ones. It was a good idea but didn’t go far enough, as the current $2 billion shortfall shows.
SJR 8206 would save more than the 1 percent in the best years. When state revenues grow more than one-third faster than the 10-year average, the Legislature would have to save three-quarters of the money above the one-third. That way, the Legislature would have less money to fund new programs with extraordinary windfalls.
The measure is endorsed in the Voters’ Pamphlet by three experts in state finance: Sen. Joseph Zarelli, R-Ridgefield; Sen. Ross Hunter, D-Medina; and State Treasurer James McIntire.
- One killed, four injured in Snohomish Big Four Ice Caves collapse Monday
- Starbucks prices here to rise 3.5 times as much as nationwide
- Seahawks mailbag: Russell Okung's future, Cliff Avril's role
- Mount St. Helens, still steaming, holds the world’s newest glacier
- Whitest big county in the U.S.? It’s us
Most Read Stories
Vote also for SJR 8205. It simply erases a clause in the state constitution that says citizens must live in Washington for 60 days before voting for president. The U.S. Supreme Court effectively erased that by setting the figure at 30 days. To actually erase it requires the passage of 8205.