Entries by Duane Davidson

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Treasurer: Senate’s Attempt to Divert Funds Sets Dangerous Precedent

Quotes from Treasurer Davidson follow. “We’re extremely concerned with today’s proposals to divert $700 million from being deposited in the Rainy Day Fund.  Choosing to not save today when we’re experiencing extraordinary revenue growth guarantees that our budget problems will be much greater when the next recession hits.” On long-term planning: “We’ve had 10 recessions […]

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Use Increased State Revenue to Reduce Unfunded Pension Liabilities

Olympia, WA – Washington State Treasurer Duane Davidson today called on the Legislature to use some of the unprecedented increase in State Revenue to pay down State obligations rather than spending all of it on expanding existing programs. Treasurer Davidson stated, “It is good financial management to use unexpected revenue to pay down your most […]