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.

Responding to the ongoing crisis in Ukraine, Washington State Treasurer Mike Pellicciotti today joined a bipartisan coalition of State Treasurers calling for all levels of government to end the practice of public investment into Russian holdings.

Washington State Treasurer Mike Pellicciotti approved the sale of a series of bonds today that will deliver upwards of $942 million in proceeds to be used to finance community infrastructure, K-12 school renewal and replacement projects, and other capital projects across the state.

Eight municipalities across Washington, two state agencies, and three colleges are preparing to finance new equipment, emergency vehicles and building upgrades in partnership with the Office of the State Treasurer.

The State Treasurer’s office will be taking advantage of historically low interest rates and the state’s excellent credit ratings to refinance existing state debt.

State Treasurer Mike Pellicciotti and his office’s debt management team are finalizing preparations for an important transaction this week that will provide necessary financing for two dozen local and state capital projects and equipment purchases.

Washington state could keep a half billion dollars that will otherwise go to Wall Street in interest costs