Washington State Treasurer
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Washington State Treasurer
The Washington State Treasurer is an elected official in the US state of Washington whose office is established by the Washington State Constitution. Mike Pellicciotti is the current Washington State Treasurer, a Democrat who began his term in January 2021. He is charged with a variety of responsibilities related to the fiscal management of state government. Powers and duties In Washington, the State Treasurer is the state's chief banker, financier, and investor. The State Treasurer is responsible for managing the state's cash assets and local government investments which, as of 2020, totaled $350 billion. The State Treasurer is also responsible for issuing and servicing the state's $21.4 billion outstanding debt and other financial obligations. As one of 15 members on the Washington State Investment Board, the State Treasurer also directs and supervises the investment of public pension and retirement funds. The State Treasurer is third (behind the Lieutenant Governor and Secreta ...
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Mike Pellicciotti
Michael John Pellicciotti (born July 17, 1978) is an American attorney and politician who has served as the 24th Washington State Treasurer since 2021. He previously served as a Democratic member of the Washington House of Representatives for the 30th legislative district, which includes Federal Way, Algona, Auburn, Pacific, Milton, and Des Moines from 2017 to 2021. Education Pellicciotti attended Alfred University, where he was elected student body president. After college, he received a Master of Rural Development as a Fulbright Scholar at Brandon University in 2003. Pellicciotti then attended Gonzaga University School of Law, where he nationally represented almost 50,000 students as chair of the student division of the American Bar Association and led student advocacy to Congress for student debt relief. Legal career Pellicciotti began his legal career as law clerk to Associate Chief Justice Charles W. Johnson of the Washington Supreme Court. Pellicciotti then served as a ...
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State Treasurer
In the state governments of the United States, 48 of the 50 states have the executive position of treasurer. New York abolished the position in 1926; duties were transferred to New York State Comptroller. Texas abolished the position of Texas State Treasurer in 1996, transferring the duties of that office to the Texas Comptroller of Public Accounts. The state treasurer serves as the chief custodian of each state's treasury and as the state's head banker. Typically, they receive and deposit state monies, manages investments, and keeps track of budget surpluses and deficits. The position has powers and responsibilities similar to those of the United States Secretary of the Treasury and the Treasurer of the United States, or the chief financial officer of a corporation. Current state treasurers or equivalents In most states, the position is a statewide elected office, usually a constitutional office (that is, provided for in the state constitution). In some states the position ...
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Duane Davidson
Duane A. Davidson (born June 6, 1959) is an American accountant and politician who served as the 23rd Washington State Treasurer from 2017 to 2021. He is a member of the Republican Party. Early life and education Davidson was born and raised in the Snoqualmie Valley near the town of Carnation, Washington, into a family involved in dairy farming, logging and other small businesses. He graduated from Tolt High School, in Carnation. He attended Bellevue Community College before earning a Bachelor of Science degree in accounting from Central Washington University in Ellensburg, Washington. Career Davidson is an actively-licensed certified public accountant (CPA). He was elected to four terms as Treasurer of Benton County, Washington. He took that office following his initial election in 2003. During Davidson's tenure as Benton County Treasurer, available public documents show that total outstanding year-end debt dropped from $24.4 million as of December 31, 2012 to $12.6 million ...
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James McIntire (politician)
James Leonard McIntire (born April 9, 1953) is an American economist and politician who served as the 22nd Washington State Treasurer from 2008 to 2017. A member of the Democratic Party, he previously served as a member of the Washington State House of Representatives, representing the 46th district from 1998 to 2009. Early life, education and early career Born in Bluffton, Ohio, McIntire attended Macalester College, graduating with his Bachelor of Arts in urban and regional affairs, in 1976. He received his Master of Arts in public policy from the University of Michigan, in 1978. McIntire also later attended the University of Washington, receiving his Ph.D. in economics, in 1993. McIntire started his career working as an economist for the United States Congress Joint Economic Committee, from 1977 to 1980, for former Vice President and then Senator Hubert Humphrey. From 1980 to 1981, he worked as an economist for the United States Senate Committee on Health, Education, Labor, a ...
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Mike Murphy (Washington Politician)
Michael J. Murphy is an American politician who served as the 21st Washington State Treasurer from 1997 to 2009 as a member of the Democratic Party. Early career Murphy is a native of Seattle. He attended St. Edward Seminary in Kenmore, and earned a Bachelor of Arts degree in history from Seattle University in 1969. After completing a tour of duty in the military, Murphy began work as a civil servant for the Office of the Washington State Treasurer (OST) in 1972. During his 15 years working for the OST, Murphy's assignments included administrator of the Public Deposit Protection Commission and internal auditor. In 1978, while working full-time for the OST, he completed his Master of Business Administration from Pacific Lutheran University Pacific Lutheran University (PLU) is a private Lutheran university in Parkland, Washington. It was founded by Norwegian Lutheran immigrants in 1890. PLU is sponsored by the 580 congregations of Region I of the Evangelical Lutheran Church ...
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Dan Grimm (politician)
Daniel K. Grimm (born April 5, 1949) is an American politician who served as the 20th Washington State Treasurer from 1989 to 1997. A member of the Democratic Party, he previously served as a member of the Washington House of Representatives The Washington House of Representatives is the lower house of the Washington State Legislature, and along with the Washington State Senate makes up the legislature of the U.S. state of Washington. It is composed of 98 Representatives from 49 ..., representing the 25th district from 1977 to 1989. References External links Columbia University alumni Democratic Party members of the Washington House of Representatives Living people People from Puyallup, Washington State treasurers of Washington (state) 20th-century American politicians 1949 births {{Washington-politician-stub ...
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Washington State Department Of Natural Resources
The Washington State Department of Natural Resources (DNR) manages over of forest, range, agricultural, and commercial lands in the U.S. state of Washington. The DNR also manages of aquatic areas which include shorelines, tidelands, lands under Puget Sound and the coast, and navigable lakes and rivers. Part of the DNR's management responsibility includes monitoring of mining cleanup, environmental restoration, providing scientific information about earthquakes, landslides, and ecologically sensitive areas. DNR also works towards conservation, in the form of Aquatic Reserves such as Maury Island and in the form of Natural Area Preserves like Mima Mounds or Natural Resource Conservation Areas like Woodard Bay Natural Resource Conservation Area. The Department was created in 1957 to manage state trust lands for the people of Washington. DNR management of state-owned forests, farms, rangeland, aquatic, and commercial lands generates more than $200 million in annual revenue fo ...
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Washington Supreme Court
The Washington Supreme Court is the highest court in the judiciary of the U.S. state of Washington Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered o .... The court is composed of a chief justice and eight associate justices. Members of the court are elected to six-year terms. Justices must retire at the end of the calendar year in which they reach the age of 75, per the Constitution of Washington, Washington State Constitution. The chief justice is chosen by secret ballot by the Justices to serve a 4-year term. The current chief justice is Steven Gonzalez, Steven C. González, who was elected by his peers on November 5, 2020. González was sworn in as Chief Justice on January 11, 2021, succeeding Debra L. Stephens. Prior to January 1997 (pursuant to a Constitutional amendment ad ...
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Washington Secretary Of State
The secretary of state of Washington is an independently elected constitutional officer in the executive branch of the government of the U.S. state of Washington. Fifteen individuals have held the office of Secretary of State since statehood. The incumbent is Steve Hobbs, a Democrat. Qualifications To hold office as Secretary of State, a person must be a United States citizen registered to vote in the state of Washington, provide a $10,000 surety bond to the state conditioned on faithful execution of the duties of office, and reside in the city of Olympia, Washington, by the time of inauguration. Only the governor, state treasurer and secretary of state are constitutionally required to live in the capital city. Powers and duties The secretary of state is in effect the guarantor of the continuity and stability of good government in Washington, with his or her role extending to the certification, filing, and preservation of public records, the supervision of all aspects of state a ...
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Surety Bond
In finance, a surety , surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the ''obligee'') a certain amount if a second party (the ''principal'') fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. The person or company providing the promise is also known as a "surety" or as a "guarantor". Overview A surety bond is defined as a contract among at least three parties: * the ''obligee'': the party who is the recipient of an obligation * the ''principal'': the primary party who will perform the contractual obligation * the ''surety'': who assures the obligee that the principal can perform the task European surety bonds can be issued by banks and surety companies. I ...
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Oregon
Oregon () is a U.S. state, state in the Pacific Northwest region of the Western United States. The Columbia River delineates much of Oregon's northern boundary with Washington (state), Washington, while the Snake River delineates much of its eastern boundary with Idaho. The 42nd parallel north, 42° north parallel delineates the southern boundary with California and Nevada. Oregon has been home to many Indigenous peoples of the Americas, indigenous nations for thousands of years. The first European traders, explorers, and settlers began exploring what is now Oregon's Pacific coast in the early-mid 16th century. As early as 1564, the Spanish expeditions to the Pacific Northwest, Spanish began sending vessels northeast from the Philippines, riding the Kuroshio Current in a sweeping circular route across the northern part of the Pacific. In 1592, Juan de Fuca undertook detailed mapping and studies of ocean currents in the Pacific Northwest, including the Oregon coast as well as ...
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