State Treasurer Mike Pellicciotti offered the following statement on President Joe Biden signing the American Rescue Plan into law today. Pellicciotti joined with 16 other state treasurers last month to call on Congress to pass this legislation. “I have partnered with state treasurers around the country to advocate that Congress pass the American Rescue Plan, […]
In its first bond sale of the year, the Office of the State Treasurer announced this week that it sold $512.7 million of Various Purpose General Obligation Bonds at an interest rate of 2.39%, locking in one of the lowest, if not the lowest interest rates for long-term general obligation bonds in State history. While […]
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 […]
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 […]
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 […]
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 […]
This week, the Office of the State Treasurer sold $645.4 million in bonds. The sale was comprised of Various Purpose General Obligation (GO) bonds, Taxable GO bonds, and Motor Vehicle Fuel Tax (MVFT) & Vehicle Related Fees GO bonds. “I am very pleased with the strong reception that our bonds received, indicating a sincere desire […]
State Treasurer Duane Davidson made the determination last week that he will donate his salary increase to the state’s Budget Stabilization Account, also known as the state’s rainy day fund, as Washington aims to reduce government spending by implementing a wage freeze for state employees in the wake of expected revenue loss. A sitting member […]
On Monday, Moody’s Investor Services, S&P Global Ratings, and Fitch Ratings affirmed their credit ratings for the state’s General Obligation Bond (GO) and Certificates of Participation (COP) programs, as the state makes plans to issue new debt. Moody’s affirmed its highest score of Aaa for the state’s GO debt, and also upheld its Aa1 rating […]
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 […]
