OLYMPIA, WA – On Wednesday, the Washington State Treasurer’s Office, on behalf of the State Finance Committee, sold $410.7 million dollars of refunding bonds, producing over $50.5 million dollars in debt service savings for the state over seven years. The refunding bonds were offered through negotiated sale to refinance $458.1 million of debt issued in […]
OLYMPIA, WA – In a bold move, Washington Treasurer Duane Davidson reduced the state’s treasury service fee, which will credit more earnings from investments to each recipient fund. This is the second time in less than a year that the Treasurer lowered the fee, now reducing it to another all-time low. Many state agencies are […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
