The National Federation of Municipal Analysts has given Washington state its Excellence in Disclosure Award.
The award recognizes issuers that support credit analysts by providing full and timely disclosure.
"The State of Washington provides an excellent website for investors that includes complete disclosure information, such as financial reports, debt management documents, credit reports and links to other state agencies," the federation said in the award announcement, according to a release by the state.
State Treasurer James McIntire hailed the award, saying it is a reflection of the state's financial transparency and open government.
"Investors and the public at large have a right to access and transparency when it comes to the way the state manages its money," McIntire said in a statement. "As Treasurer, I've made accountability to that expectation a top priority."
Since January of 2009, Washington has sold $8.3 billion of new bonds, refinanced $5.1 billion of existing debt on state projects such as highways, bridges, and schools, saving taxpayers more than $1.6 billion due to lower than expect rates, the treasurer's office said.
