Washington State Treasurer Mike Pellicciotti approved a series of refunding bonds today, saving more than $4.3 million in debt service costs on bonds that had been originally issued to finance a portion of the State Route 520 Bridge Replacement and HOV Program.

The Office of the State Treasurer (OST) is scheduled to sell a series of Certificates of Participation (COPs) this week that will provide funds to local districts across Washington, financing new equipment, emergency vehicles and building construction.

Since taking office, State Treasurer Mike Pellicciotti took advantage of low interest rates to refinance all state debt eligible for a tax-exempt refinancing under federal law, saving Washingtonians over $290 million in future debt service payments.

With the Governor’s signature on the supplemental budget today, Washington state took a key first step in creating the Washington Future Fund, an initiative championed by State Treasurer Mike Pellicciotti to address the wealth gap in Washington.

The Office of the State Treasurer Requested Civil Asset Forfeiture legislation that will dedicate funds collected by the state to the Behavioral Health Loan Repayment Program Account was signed into law today by Washington Governor Jay Inslee.

The Office of the State Treasurer’s request legislation that modernizes the state’s Linked Deposit Program by diversifying depositing options to help maintain the health of the program was signed by the Governor today.

The Office of the State Treasurer requested Motor Vehicle Fuel Tax (MVFT) legislation that will provide the state more flexibility in how future bond debt service is repaid was signed into law today by Washington Governor Jay Inslee.

The Office of the State Treasurer has three pieces of request legislation and a key budget proviso headed to the Governor’s desk for enactment as the state Legislature concludes the 2022 session.

Request legislation from the Office of the State Treasurer to modernize Washington state’s Linked Deposit Program (LDP) passed out of the Washington House of Representatives Friday on a vote of 96-to-2. Sponsored by State Senator Joe Nguyen (D-White Center), Senate Bill 5787 will diversify depositing options to the LDP, which encourages lending to businesses certified by the Office of Minority and Women’s Business Enterprises (OMWBE).

We, the undersigned State Treasurers, condemn Russia’s unprovoked and unjustified invasion of Ukraine. The Russian invasion is a threat to democratic freedoms and global stability and cannot be tolerated.