Entries by Adam Johnson

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State Treasurer Approves Convention Center Financing Agreement: Avoids $315 Million in Government Loans

Washington Treasurer Mike Pellicciotti approved a financing plan today that will allow the Washington State Convention Center Public Facilities District to complete its expansion with private funding through the municipal bond market, thereby avoiding the need for $315 million in government loans that was being considered by the State, the City of Seattle, and King […]

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State Treasurer Pellicciotti Wants More People with Disabilities to Have Financial Security

State Treasurer Mike Pellicciotti called on Congress today to allow more people with disabilities to set up tax-advantaged savings programs. “I want more people with disabilities in our state to benefit from those programs that can serve their long-term financial needs,” said Pellicciotti. As State Treasurer, Pellicciotti serves as the elected official on Washington’s Achieving […]

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State Treasurer’s Office Finances $14.79 Million of State and Local Projects at Low Interest Rates

This morning, the Office of the State Treasurer sold $14.79 million in Certificates of Participation (COPs) in a competitive sale. Washington State’s COP sale attracted strong demand, with bids from 14 financial institutions. Hilltop Securities submitted the winning bid, with the lowest true interest cost of 0.54% (TIC). This is the lowest TIC for a […]

State Treasurer Pellicciotti Takes Oath of Office Today

Mike Pellicciotti was sworn in today as Washington’s 24th state treasurer. Washington Supreme Court Justice Steven González administered the oath of office in Olympia to the state’s newest chief financial officer. “I look forward to working with the talented staff within the Treasurer’s Office to protect the financial health of our state and promote policies […]

New Investment Option for Local Governments

Washington Treasurer offers new program to provide local governments with another investment option. Members of the Office of the State Treasurer’s investments team gathered as Washington Gov. Jay Inslee signed Substitute House Bill 1284 last week. The bill creates the capacity for the State Treasurer’s Office (OST) to provide separately managed investment portfolios to eligible […]

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State Treasurer launches the Washington Fund Directory

OLYMPIA, WA – State Treasurer Duane Davidson is helping local governments match with the funding sourcesthey need to achieve their goals by launching the Washington Fund Directory this week. On Tuesday, Treasurer Davidson announced his office created an online directory of programs offered by Stateagencies that provide funding (grants and loans) to not just local […]

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An Easier Way to Understand the Complexities of State Debt

OLYMPIA, WA – There is an easier way to understand the complexities of state debt with the Office of the State Treasurer’s recently published Debt Affordability Study Digest. “I want people to know exactly how much the State relies on debt” Each year State Treasurer Duane Davidson and his Debt Management Team publish a comprehensive […]