This week, the Office of the State Treasurer sold $645.4 million in bonds. The sale was comprised of Various Purpose General Obligation (GO) bonds, Taxable GO bonds, and Motor Vehicle Fuel Tax (MVFT) & Vehicle Related Fees GO bonds. “I am very pleased with the strong reception that our bonds received, indicating a sincere desire […]
State Treasurer Duane Davidson made the determination last week that he will donate his salary increase to the state’s Budget Stabilization Account, also known as the state’s rainy day fund, as Washington aims to reduce government spending by implementing a wage freeze for state employees in the wake of expected revenue loss. A sitting member […]
On Monday, Moody’s Investor Services, S&P Global Ratings, and Fitch Ratings affirmed their credit ratings for the state’s General Obligation Bond (GO) and Certificates of Participation (COP) programs, as the state makes plans to issue new debt. Moody’s affirmed its highest score of Aaa for the state’s GO debt, and also upheld its Aa1 rating […]
Olympia, Wa – As the state’s Employment Security Department (ESD) is dealing with reported widespread fraudulent unemployment claims and the subsequent financial fallout, the State Treasurer’s office has received multiple inquiries regarding the loss of these funds. State Treasurer Duane Davidson ensures taxpayers that Treasury dollars are not impacted by this fraud. “The state’s Treasury […]
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 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. […]
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. – Initiative 976, which was approved by voters on November 6, 2019 will have a variety of impacts on the state. However, one thing that I’d like to make clear is that Sound Transit’s bonds are special limited obligations of Sound Transit; they are not obligations of the state of Washington or any […]
