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Office of State Treasurer

Article III, State Constitution; RCW 39.42, 39.58, 39.94, 39.98, 43.08, 43.33, 43.79A, 43.84, 43.86A, 43.163, 43.180, 43.250, WAC 210, 262, and 389

The State Treasurer formulates and executes policy and procedures to effectively and efficiently manage the state’s cash, debt, and investments and to protect public deposits in banks made by state and local governments.

Agency Mission

We manage investments, debt and cash to preserve and enhance our state's strong financial standing, build economic vitality, and get the highest possible value for every tax dollar.
Request 25,748,000
Net change from current biennium 1,207,000 Increase
Percent change from current biennium 4.9% Increase

Operating Budget: Summary

Appropriated Funds

2023-25 Appropriations Appropriated Funds Expenditures
Amount Estimated Balance   2021-23 Actual 2023-25 Estimated 2025-27 Proposed
Billy Frank Jr Statutary Hall Fund - Nonappropriated 17,489
Separately Managed OST Service Acct - Nonappropriated 324,780
Public Funds Investment Account - Nonappropriated 60,690,663,544
Sep Managed Public Fnds Invest Acct - Nonappropriated 443,305
74,113,000 74,113,000 General Fund - State 323,837,892
24,541,000 State Treasurer's Service Account - State 19,174,866 24,541,000 25,748,000
191,000 191,000 SW Info Tech Sys Dev Rev Acct - State
98,845,000 74,304,000 Total Appropriated Funds 61,034,461,877 24,541,000 25,748,000

Non-Appropriated Funds

Operating Budget: Program Summary

Program Title Actual Estimated Proposed
Actual Estimated Estimated Proposed Proposed
Annual Total 297,470,485 48,058,979 23,590,581 12,639,000 13,109,000

Operating Budget: Change from Preceding Biennium

Actual Estimated Proposed
Amount Percent Amount Percent Amount Percent
245,949,170 253.3% (271,380,687) (79.1%) (45,901,560) (64.1%)

Employment Summary

  Actual Estimated Proposed
  2022-23 Actual 2023-24 Estimated 2024-25 Estimated 2025-26 Proposed 2026-27 Proposed
FTE Staff Years 62.0 66.8 64.6 69.6 71.0