A solid credit rating along with strong investor demand allowed the State Treasurer’s Office to finance several local and state government projects at low interest rates today. “I’m pleased that our Office was able to leverage Washington’s historically strong financial standing to allow local governments to finance essential community services, like new fire equipment, an […]
Relying on low interest rates and Washington’s strong credit rating, today State Treasurer Mike Pellicciotti approved the refinancing of state debt to save Washingtonians $112 million in future debt costs, the highest amount of savings on a percentage basis from a refinancing by the Treasurer’s Office in at least 35 years, when records were first […]
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 […]
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 […]
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 […]
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 […]
May 17, 2019 Olympia, WA – A resolution by the National Association of State Treasurers (NAST) passed today, in which the Association is voicing their support for Congress to advance legislation allowing the states with legalized cannabis the ability to bring transactions into the safety and scrutiny of the national banking system. The resolution does not take […]
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 […]
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 […]
