What does the State Treasurer do?
The State Treasurer is responsible for the safety and security of the state's money — now and into the future. More specifically, the State Treasurer:
- Managing cash flow of all major state accounts with deposits, withdrawals and transfers — a total of over $408 billion last year.
- Invests the state's operating cash in short-term, interest bearing accounts that preserve our ability to access the funds.
- Issues and manages the state's debt — whether done through bond sales to finance major capital and transportation projects, certificates of participation to help state agencies and local governments purchase equipment, or by guaranteeing school bonds; and
- Provides guidance for the management of long-term debt and investments as a member of a number of boards and commissions including the State Investment Board.
This website is designed to explain the roles, functions and operation of the State Treasurer's Office as it responsibly manages public money by providing reliable banking services for state agencies, safely investing public funds, financing major state construction and transportation projects, and delivering trustworthy and transparent accounting services.
The links below will give you more detail on the numerous services provided by the Office of the State Treasurer:
The State Treasurer also serves on the State Investment Board, Economic and Revenue Forecast Council, the Achieving a Better Life Experience (ABLE) board,Housing Finance Commission State Finance Committee, Public Deposit Protection Commission, GET Board, and the Economic Development Finance Authority. Click any of the links to learn more about these important resources.
Treasurer's Office Responsibilities
The Office of the State Treasurer is responsible for the development of an agency strategic plan, budget, and other financial reports. To learn more about the Office of the State Treasurer, click one of the links below.
- Agency Activity Inventory
- Summary Financial Report for the Current Biennium
- Budgeted Operating Expenditures
Transportation projects are currently financed with gas tax revenue, tolls, and certain motor vehicle license fees. For information about projects managed by the Department of Transportation (WSDOT) click on one of the links below
- Transportation Finance: Learn more about how we are funding transportation.
- Transportation Projects: Get a list of projects in your neighborhood.
NOTE: The Office of the State Treasurer does not manage Unclaimed Property.
For information on abandoned wages, stock dividends, and deposits, please click on the above link or contact the Department of Revenue, Special Programs Division, Miscellaneous Tax Section at 1-800-435-2429 (within State of Washington only) or 360-534-1502.