Entries by Adam Johnson

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State Treasury Response to Budget Shortfalls

With budget cuts looming for the state, Washington State Treasurer Duane Davidson reminds of his office’s contributions to reducing budgetary gaps in the General Fund, which now also include eliminating cost of living increases for many of his staff. “My highest priority is upholding the value of fiscal conservative leadership for the Treasury. Although we […]

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Treasury Funds Secure in the Midst of Widespread Fraud

Olympia, Wa – As the state’s Employment Security Department (ESD) is dealing with reported widespread fraudulent unemployment claims and the subsequent financial fallout, the State Treasurer’s office has received multiple inquiries regarding the loss of these funds.  State Treasurer Duane Davidson ensures taxpayers that Treasury dollars are not impacted by this fraud. “The state’s Treasury […]

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The State Treasurer wants Washington residents and the Legislature to know just how much debt the state has amassed

OLYMPIA, WA – The State Treasurer wants Washington residents and the Legislature to know just how much debt the state has amassed, releasing a study on the state’s debt portfolio and other financial obligations. The Treasurer’s  Debt Affordability Study encourages transparency, educates the public on the state’s financial condition, and informs policymakers as they make […]

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State Treasurer’s financial education modules receive an overhaul for 2020

OLYMPIA, WA. – The Office of the State Treasurer is featuring new and improved financial education modules to help improve your financial outlook for 2020. “Financial literacy is the key to financial success, so it just makes sense that we offer avenues to financial education that fit people’s various learning styles,” Washington State Treasurer Duane […]

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State Treasurer swears in new Deputy Treasurer for Investments

OLYMPIA, WA. – The Office of the State Treasurer is welcoming James Rosenkoetter as the new Deputy Treasurer for its Investments Division today. As a part of the Executive Leadership team within the office, Rosenkoetter will oversee the team that manages investments for local governments, including 229 cities and towns and all 39 Washington counties. […]

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State Treasurer advises Legislators and elected officials on state’s debt limit

OLYMPIA, WA. – On December 11, 2019, the Treasurer certified the state’s constitutional debt limit, filing a report with the Secretary of State, and providing an estimated projection of the state’s remaining debt capacity. “This report is an important part of the monitoring that the treasurer’s office does to ensure that Washington’s debt remains below […]

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Local Government Investment Pool hits a new record high

The Office of the State Treasurer’s program that invests local government’s surplus cash, The Local Government Investment Pool (LGIP), hit a new record high of $19.8 billion in November. The LGIP continues to see participation from every Washington county and 234 cities and towns throughout the state, and maintains a participation fee that is among […]