Entries by ost_admin

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Treasurer Pellicciotti Puts Forward Bill to Better Connect Washingtonians with their Lost Property

State Treasurer Mike Pellicciotti proposed legislation today to better connect people with their lost property and to promote public awareness of unclaimed property in Washington. Over a billion dollars in unclaimed property has been turned into the state since records began in 1955. One in seven Washingtonians currently have unclaimed money sitting in the state […]

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Treasurer’s Office Awarded Certificate of Excellence in Citizen-Centric Reporting

The Washington Office of the State Treasurer is proud to announce that it is the recipient of the 2020 Association of Government Accountants’ (AGA) Certificate of Excellence in Citizen-Centric Reporting (CCR). The AGA, a member organization for government financial management professionals, launched their CCR initiative to simplify communication between governments and their citizens. Intended to […]

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Municipal Bond Market Favors Washington in Bond Sale

On Tuesday, the Washington State Treasurer’s Office sold $105 million dollars of refunding bonds to refinance $113 million of prior issued debt. The refinancing resulted in over $11 million dollars in debt service savings for the state. Treasurer Duane Davidson applauded the sale as a success. “The COVID-19 pandemic has put many state resources in […]

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Financing Takes Advantage of Low Rates to Save the State Millions

Olympia, WA – This week, the Office of the State Treasurer sold $75,190,000 million in Certificates of Participation (COP) in a competitive sale. Wednesday’s COP sale attracted strong interest, with bids from 10 institutions. Citigroup Global Markets Inc. submitted the winning bid, with the lowest true interest cost of 2.1189%. The COP sale took advantage of […]

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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 […]