Mike Pellicciotti

Pellicciotti proposed creating a Washington Future Fund to address the wealth gap. The proposal is modeled after the Baby bonds concept that invests state money today to create future home ownership, educational, and small business opportunities two decades later when those born of limited means reach adulthood. The 2022 state budget created the Washington Future Fund Committee to examine Pellicciotti’s proposal and study generational wealth inequities in the state.

After a rash of robberies of cash-heavy cannabis retailers in Washington state in 2022, Pellicciotti went to Washington D.C. to unite state treasurers and Congress in support of cannabis banking. He was a leading advocate for the Senate to pass the SAFE Banking Act in order to legalize cannabis banking in the United States.

At 42 years old, Pellicciotti was Washington’s youngest statewide elected official when he was sworn in as State Treasurer in January 2021. During his first year in office, Pellicciotti refinanced state debt to save Washington State over $370 million dollars. He increased pension funding and returned budget reserves to pre-pandemic levels. In 2022, Washington maintained Moody’s top credit rating.

In May 2019, Pellicciotti announced his candidacy for Washington State Treasurer in 2020. Pellicciotti defeated incumbent Republican Duane Davidson in the general election, the first time in state history that a challenger defeated a sitting Washington State Treasurer. In 2020, Pellicciotti was the only Democratic candidate for any statewide executive office in the United States to defeat a Republican incumbent.

Mike Pellicciotti was first elected to the Washington State House of Representatives in 2016, defeating multi-term Republican incumbent Linda Kochmar by 9 points to secure a one-seat Democratic majority of the Washington State House of Representatives. President Barack Obama endorsed Pellicciotti in the campaign. Pellicciotti was re-elected in 2018, defeating former Rep. Linda Kochmar again, this time with over 60% of the vote.

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.

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.