Entries by Adam Johnson

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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 […]

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State Receives Clean Audit of its Local Government Investments

OLYMPIA, WA. – State Treasurer receives clean bill of health for its local government investment program, earning a favorable audit report of its financial statements. “We make sure locals receive quality services for their invested surplus cash, gain reliable returns on their investment, and reap the benefit of our impeccably high investment standards. Receiving a […]

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A big win for SR 520 toll payers

OLYMPIA, WA. – On Wednesday, the Washington State Treasurer’s Office sold $396,315,000 of Motor Vehicle Fuel Tax General Obligation Refunding Bonds (Triple Pledge Bonds-SR 520 Toll Revenue) to take advantage of low interest rates and lock in $102 million of debt service savings for the state’s SR 520 toll bridge. “Today’s sale was a big […]

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Washington Creates Additional Financing Opportunity

OLYMPIA, WA. – Washington Treasurer Duane Davidson and his Debt Management division are creating additional local government financing opportunities. Under Treasurer Davidson’s direction, the Office of the State Treasurer is increasing the frequency of Certificates of Participation (COP) sales, which give local governments the option to borrow at the state’s low tax-exempt financing rates, from just […]

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Strong Interest Leads to High Number of Local Government Participants in Financing.

OLYMPIA, WA. – Washington state’s strong economic outlook and recent upgrade to Aaa by Moody’s Investors Service helped spur strong interest from investors in a $82,705,000 competitive sale of Series 2019D Certificates of Participation (COPs), financing $97,908,412.81 of property for the state and local governments. This sale saw the highest number of local government participants […]