Initiative 1464 on public financing of Washington elections is a mish-mosh of good and bad ideas that should be rejected by voters.

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WASHINGTON’S campaign-finance laws could use a refresh. Initiative 1464, which includes a way to publicly finance elections through “democracy vouchers,” is not the way to do it. Voters should say no to I-1464.

Reject this half-baked campaign-finance proposal, which seizes public dollars that should go toward higher priorities like education. The few positives of this measure — including more transparency for campaign donations, new lobbying limits and a stronger and better financed Public Disclosure Commission — do not outweigh the problems.

The city of Seattle passed its own democracy-voucher law this past year. Starting in January, Seattle voters will be able to give City Council candidates up to four vouchers, valued at $25 each. The statewide proposal would give voters three $50 vouchers to contribute to candidates or issues they support.

At the very least, Washington should wait a year and see how the Seattle experiment is working before plunging into a complex and expensive statewide system.

Especially problematic is how this initiative would be funded. The proposal would close a sales-tax exemption for visitors to the state.

Initiative supporters say if the Legislature were going to close this tax exemption, they would have done so already. They say the initiative merely recaptures state dollars and uses them in a creative way to put more power in voters’ hands.

The 2017 Legislature faces financial pressure and a legal and moral obligation to fully fund K-12 basic education, eliminating the dire inequity that leaves too many students behind. All tax exemptions, including this one, will be getting a fresh, hungry look — appropriately — for filling the budget gap of as much as $3.5 billion for education.

This initiative is financed primarily by out-of-state organizations and individuals who have spent nearly $1.5 million to persuade Washington voters to join this experiment.

This is not the time. Washington voters should let others conduct the experiments. Vote no on I-1464.