The Office of the State Treasurer achieved strong investor interest and low interest rates in the sale of more than $707.5 million of Various Purpose General Obligation Bonds, and $140 million of General Obligation Bonds (Taxable) on Tuesday thanks in part to Washington’s newly affirmed strong credit ratings.

State Treasurer Mike Pellicciotti received confirmation this week that Washington will maintain its impressive bond ratings ahead of next week’s scheduled sale of approximately $707 million of Various Purpose General Obligation Bonds, and $140 million of General Obligation Bonds (Taxable).

State Treasurer Mike Pellicciotti and Prosperity Now Chief Executive Officer Gary Cunningham today announced a new partnership to review socioeconomic disparities in Washington state and the impact of wealth inequities on the lives of Washingtonians.

Washington State Treasurer Mike Pellicciotti released the following statement calling for the resignation of Insurance Commissioner Mike Kreidler:

“It is critical that all elected officials — especially those of us in statewide offices — serve the public in a respectful way that honors the authority provided to us by the public.”

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.