Entries by Adam Johnson

, , , ,

Office of the State Treasurer Saves Washington $4.3 Million Through Transportation Bond Refinancing

Olympia, WA – 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. Taking advantage of opportunities to reduce the state’s debt service […]

, ,

Local Districts Partner with the Office of the State Treasurer to Finance New Projects, Reduce Local Debt Costs

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. Local districts will gain access to low financing rates by utilizing the Local Option Capital Asset Lending Program […]

, , ,

Budget funds key first step in State Treasurer’s wealth gap initiative

OLYMPIA – 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. Today’s budget forms the Washington Future Fund committee, a study of wealth inequality, and a final […]

,

State Treasurer Requested Civil Asset Forfeiture Legislation Enacted

OLYMPIA – 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. Senate Bill 5728, sponsored by Sen. Jeff Holy (R-Spokane), dedicates all civil asset forfeiture dollars collected […]

, ,

State Treasurer’s Linked Deposit Program Request Legislation Enacted

OLYMPIA – 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. Senate Bill 5787, sponsored by Sen. Joe Nguyen (D-White Center), broadens depositing options for the Treasury beyond only Certificates of […]

, , ,

State Treasurer Pellicciotti Holds Bond Sale to Finance $942 Million for Community and K-12 Projects

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. Prior to the sale, Moody’s Investor Service, one of the Nation’s top credit rating agencies, reaffirmed its strong Aaa rating for […]

, ,

Local and State Partners Team up with State Treasurer to Finance Purchases, Save Big on Future Debt Costs

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. Utilizing the Local Option Capital Asset Lending Program (LOCAL Program) partners gain access to low financing rates — reducing future interest costs and allowing more […]

, , ,

Treasurer Signs State Debt Refinancing Tuesday

State Treasurer Signs State Debt Refinancing Tuesday Morning, Saves Washington Millions  Running total now over a quarter billion saved year to date Tomorrow (Tuesday, 4/2/21), 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 signed a […]

, , ,

Important Projects Statewide to be Financed with Help from Treasurer

Essential Equipment and Capital Projects Statewide to be Financed Tuesday with Help from State Treasurer 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. Twelve local municipalities from across […]