[{"_1":2,"_123":-5,"_124":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99,111],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6666985,"mediaKeyId","2292202-3e4a050c89533467ddb4b9e4a8c06072","parentId",2292202,"title","Sanoval County portfolio keeps short-duration stance; book yield 3.85%, advisors report","audioSeconds",144,"startMs",2036550,"endMs",2181244,"viewUrl","/Search/View?dp=1&key=2292202-3e4a050c89533467ddb4b9e4a8c06072&start=2036&end=2181","thumbnailUrl","https://assets.pipeline.soar.com/2292202-3e4a050c89533467ddb4b9e4a8c06072/thumbnail_2036550.jpg","articleUrl","/articles/6666985/Sandoval-County/New-Mexico/Sanoval-County-portfolio-keeps-short-duration-stance-book-yield-385-advisors-report","mediaUrl","https://secure.pipeline.soar.com/6666985-ae0ab92d239b010fcd32a1aa77594c47/orig.mp4?Expires=1770947171&Signature=jkWaX4eigfoEFdU8BxrYrjg9QN0JzLE4QbJmj147ZCuDr4gg-35mbU3Ki6zKFUbS7~P94b2rOZReQFYqonKnJ68KFXuLlUikcPZj4hi~F4oRjyF~nOGKW3V-ouXS4jwRjk7C2Nz2UjNfA1LgV-Zxpq9ghgZrC~kdKL~xVpDtTiHSXXUUoqaNzrkAUtW3fIHM69h~-oeKb1GKOpMn6kNGIwMOklZlhl9wyZKOP0FZ8zx~2~x2~USvT7fkrEasc7t7WREgnDP4k5Oy2I0cZ-GnTQRH-hKIuSpSD842nHhxB69xYidIjl-7w8z0h9YiIx6jpQoRC8s2MYv8ey1ZVEPWww__&Key-Pair-Id=KUT5TJCACFTXG","author","Sandoval County","date","2025-02-12T00:00:00Z","article","Frank McDonnell of Governmental Advisors presented the Sanoval County year-end investment report (as of Dec. 31, 2024), describing a short-duration, high-quality portfolio and noting modest year-over-year gains and tactical positioning for liquidity.

McDonnell said the county's total portfolio is compliant with its investment policy and that the strategy emphasizes liquidity and high credit quality. He reported sector allocation for the portfolio at year-end: about 42.5% invested in U.S. Treasury securities, roughly 10% in agency paper, approximately 5% in supranationals, and about 40% in bank deposits, money-market funds and pooled funds. He said more than 50% of the portfolio was in investments with maturities of three months or less.

Treasury staff also provided holdings detail: $3.2 million in the state Local Government Investment Pool (LGIP), about $70 million invested at Zions, and a $535,000 certificate of deposit at New Mexico Bank & Trust earning 4.25% and maturing April 14. Staff said $1 million of ARPA money was recently moved from a cash-matched fund back into the general fund and that all ARPA funds have been encumbered and spending has begun.

McDonnell noted a book yield of 3.85% for the total portfolio and said the investment team is targeting book yields above 4% as maturities roll and opportunities arise. He added that the portfolio's market value rose about $2 million from Dec. 2023 to Dec. 2024 and that performance is tracking near benchmarks.","mediaType","Video","parentTitle","Sandoval County - Board of Finance - Feb 12, 2025","oneSentenceSummary","Governmental Advisors presented the county's year-end investment report showing a short-duration, high-quality portfolio, a book yield of 3.85%, and over half the portfolio in investments maturing within three months.","taxTitle","Sandoval County, New Mexico","taxId",2697,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6666990,"Sandoval County replaces $135M letter of credit with $100M collateral; New Mexico Bank & Trust outlines acquisition by UMB",406,1300310,1706365,"/Search/View?dp=1&key=2292202-3e4a050c89533467ddb4b9e4a8c06072&start=1300&end=1706","https://assets.pipeline.soar.com/2292202-3e4a050c89533467ddb4b9e4a8c06072/thumbnail_1300310.jpg","/articles/6666990/Sandoval-County/New-Mexico/Sandoval-County-replaces-135M-letter-of-credit-with-100M-collateral-New-Mexico-Bank-Trust-outlines-acquisition-by-UMB","https://secure.pipeline.soar.com/6666990-f2ad4b61c4427f249f7d9b3b4e7c9da5/orig.mp4?Expires=1770947171&Signature=b-VSnmreEYfo0FgqFIYtjrlDurZ~56lCZY7zQS9udxlNFmHV4jg1irmV7-GmoTCCoJyV64hy~e8IDqxdPYf74Z~dpbytwKSj5~7PvzQi~pprn~J-oLIQ4x8PyqQ8oFVR2vgDUywAVMNT9qrdedFp23lQulMw0tyRhnvLZ0OIh2kKWLvtsvCdV8RBAcm25IGA86RDxUDY-Ad4h6neeLl5NE1x5N7M9m96FCkYqKG3HC3~72LCz6KHo9ssM1oafT3tzoxhs~JFcZUiWYh37SGnOzUYwVpSzXl5cmZtyGOJ-oGRP0qCP4Uda4FmbFBRfqouS18r0-21zN9zzz6r8yzWyw__&Key-Pair-Id=KUT5TJCACFTXG","Treasurer Taylor told the Board of Finance that Sandoval County replaced a $135 million letter of credit that expired Jan. 31, 2025, with a new letter of credit in the amount of $100 million effective Feb. 1, 2025. She said the county can request additional collateral from its bank representatives if balances approach the letter-of-credit amount.

Taylor provided account balances at county depository banks. She reported the New Mexico Bank & Trust general fund at $43.7 million and a tax-payment account balance of $3.3 million; she said the combined total of all NMBT accounts shown in the packet was about $57.9 million. Taylor also reported a Wells Fargo account balance of $45,600, an account with an entity transcribed as \"Hemet Valley Bridal Union\" at about $149,500, and Century Bank balances totaling about $7.5 million.

Melanie Velasquez, appearing for New Mexico Bank & Trust, said the bank was announced for acquisition by UMB Bank in April 2024 and that regulatory approval was completed Jan. 30, 2025, with a legal Day 1 on Feb. 1, 2025. Velasquez said New Mexico Bank & Trust is now a division of UMB and will continue local leadership and lines of business; she said the conversion target dates for clients are in October 2025. She said the combined entity has about $65 billion in assets and described local deposit levels and lending activity in New Mexico, noting lockbox processing of roughly $18–19 million and more than 24,000 payments processed.

Velasquez said local philanthropy and volunteer efforts will continue under the new ownership and that Tyler Cisneros has joined the team as treasury management lead for public funds.","Treasurer Taylor reported a new $100 million letter of credit to meet statutory collateral requirements, and New Mexico Bank & Trust representatives outlined a recent acquisition by UMB Bank and continuity plans for county services.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6666995,"House Bill 47 veterans exemption could cut Sandoval County taxable base, treasurer warns",256,687560,944315,"/Search/View?dp=1&key=2292202-3e4a050c89533467ddb4b9e4a8c06072&start=687&end=944","https://assets.pipeline.soar.com/2292202-3e4a050c89533467ddb4b9e4a8c06072/thumbnail_687560.jpg","/articles/6666995/Sandoval-County/New-Mexico/House-Bill-47-veterans-exemption-could-cut-Sandoval-County-taxable-base-treasurer-warns","https://secure.pipeline.soar.com/6666995-dd5498a7f910c5d48d2e740f6ed36652/orig.mp4?Expires=1770947171&Signature=IiQKQ3Pjefzwit33a1smIr6xPF3E9Zw8cwVwAR9gZ3q2KEc8lVGFMzlevjEi9N6srIv2Ii6ZpsRBy50DiiCduMH-Gn2PBM7vozGkHmXM-qX-yblPpR0kEOROOHWg4eVkjRTp6P4iX2k3zvfCpmiqmg8aOANJqBUJnMVsG6OHv0OoFSu0D1PicoPRsYx-LvGur09fZhTME5VxN7qjLDW-Z1yukKDDAEldZ4N8BWc8CNHhRNDQBvA9LtumuiviBYNtWz-i0cezihsvPoTxcP5Xo0TifZRXIHNegIUfGiAIdXaFWpqmWL2BvJq39NTuChd7NfEMf2I7elvUGJQrgmOy5Q__&Key-Pair-Id=KUT5TJCACFTXG","Treasurer Taylor told the board that House Bill 47, a legislative change voters approved in November and now before the Legislature, would increase the residential veteran exemption from $4,000 to $10,000 beginning tax year 2025 and would index the exemption for inflation beginning in 2026.

Taylor said the bill also would change disabled-veteran exemptions so the tax exemption amount is based on the veteran's federal disability percentage. She described the bill's committee history: it was heard Jan. 29 in the House Government, Elections and Indian Affairs Committee (the transcript records a committee substitution recommendation), then went to the House Taxation & Revenue Committee on Feb. 7 where it received a do-pass recommendation and was placed on a temporary calendar; as of the morning of the meeting there had been no further action.

Taylor said the county is tracking the bill closely because it could \"significantly impact county budgets and our monthly distribution\" to schools, hospitals and emergency services and that the state Department of Finance and Administration is working with counties and legislators to plan for the change.

Taylor provided a preliminary, rough estimate of local impacts based on assessor data and cautioned the numbers were not final. She reported residential allowable-exemption figures of roughly $60,575,252 and nonresidential figures around $1,374,517 and said total additional allowable exemptions were being estimated; she described these as \"rough data\" and said more concrete numbers would follow as the bill moves through the legislative process.

Board members asked how the percentage of disability would be determined for the exemption; Taylor said veterans would need to provide medical documentation to the assessor's office, which would determine the percentage used for any exemption. Taylor also said assessors and Veterans Affairs offices are coordinating outreach so veterans are informed about the change and application process if it becomes law.

Taylor and other officials also noted a separate bill introduced recently that would affect conservancy districts or allow multiple parcels separated by roads to be treated as a single parcel for tax purposes; she said outside tax counsel and staff, including Rob Burpo, are running analyses on potential fiscal impact.","Treasurer Taylor briefed the board on House Bill 47, a state veterans-exemption bill that would increase existing exemptions and may substantially reduce taxable value for county property, potentially affecting monthly distributions to schools and services.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6667000,"Sandoval County reports strong first-half tax collections; 58% of 2024 roll collected",848,633970,1482675,"/Search/View?dp=1&key=2292202-3e4a050c89533467ddb4b9e4a8c06072&start=633&end=1482","https://assets.pipeline.soar.com/2292202-3e4a050c89533467ddb4b9e4a8c06072/thumbnail_633970.jpg","/articles/6667000/Sandoval-County/New-Mexico/Sandoval-County-reports-strong-first-half-tax-collections-58-of-2024-roll-collected","https://secure.pipeline.soar.com/6667000-183a98c99c0761a9b22f8bdc59a36d3c/orig.mp4?Expires=1770947171&Signature=UMwyeupV00H9eTPyWMxlO6JaEIoO7jrjuoF3~TStq57gySdWbkLXgY~P3xoFEcFKAq4oSiTqnedPN7Enq-WyZC27PGYQXAfKXcmG8yc82tRtZHDqYctaExjfieuPPoizNQzl488fDCA2sg2mqX0io84gNvGJjv0augS4TV4ESEbwebmwrnwwFB-2leRUyyC4mpqjbZaapRZBRraItXWUGMzPklMMHx17yq67I1WYw0PzjpIJbW8jwTlozb83R5gti~WyMwLagpUVVEqO2fUAi3IsiMLo3Am3u8FIvhZRk4IzzS53lmrIsrderWlH1okx77tonGYdfNT3dcwPI~Fp4A__&Key-Pair-Id=KUT5TJCACFTXG","Chief Deputy McParland and Treasury Operations Manager Holly Aguilar reported that Sandoval County collected a substantial share of its 2024 property tax roll during first-half collection activity and described outreach used to reach delinquent taxpayers.

Chief Deputy McParland said first-half batch payments (mortgage/escrow/tax servicing agents and large accounts) totaled $47.2 million and that tax-researcher-processed payments totaled $35.4 million. He said web and point-of-sale payments totaled $14.8 million and that New Mexico Bank & Trust processed about $18.9 million through lockbox services. Outreach collection sites in rural libraries processed about $135,000, McParland said.

Taylor and Aguilar reported other metrics. As of Jan. 30, the treasurer's office recorded approximately 8,000 delinquent accounts; tax researchers have been contacting delinquent taxpayers and the office plans a mailed \"friendly reminder\" in March and continued text-message outreach to those who have opted in.

Holly Aguilar said county staff had collected 58.44% of the 2024 tax roll to date, reporting \"we collected more than $84,000,000 and only have $80,600,000 left to collect.\" Aguilar said that raised the county's 10-year collection rate to 93.8%.

Aguilar also reported gross receipts tax receipts of $6.6 million for the county's second fiscal-quarter collections, noting that figure was about $1.2 million higher than fiscal year 2022–23 but about $609,000 lower than the most recent prior year. She attributed the year-over-year decline to reduced Lehi revenues tied to slowing construction at the Intel Lida project.","County officials reported sizable first-half property tax collections and outreach results: multiple collection channels yielded tens of millions of dollars and the county reported a 58.44% collection rate of the 2024 tax roll to date.",{"_33":112,"_35":36,"_37":38,"_39":113,"_41":114,"_43":115,"_45":116,"_47":117,"_49":118,"_51":119,"_53":120,"_55":56,"_57":58,"_59":121,"_61":62,"_63":64,"_65":122,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6667005,"Sandoval County treasurer promotes staff, seeks school credit for junior county treasurer program",540,12264,553070,"/Search/View?dp=1&key=2292202-3e4a050c89533467ddb4b9e4a8c06072&start=12&end=553","https://assets.pipeline.soar.com/2292202-3e4a050c89533467ddb4b9e4a8c06072/thumbnail_12264.jpg","/articles/6667005/Sandoval-County/New-Mexico/Sandoval-County-treasurer-promotes-staff-seeks-school-credit-for-junior-county-treasurer-program","https://secure.pipeline.soar.com/6667005-e452e6bc121d09a0e4334813c10885db/orig.mp4?Expires=1770947171&Signature=oQ0nTEyVDC9uRXVi5BcVn-0sYp~uBpcp2x7vFQDaDOzrB-AEu69k7zoTpZ-8OUTp4V-8YzV3JBPo9NO18E-i3Olu3q5mZ25GcO~NDjg41P4u1egunGf2TSkmM-gU7RzOG4viMHuZNG3TedsXoKFsuU39eLDukOFXvJElSbEeZqvBrw~dXcp~Mwh2vTUhgncBTMol5Sod0mdzpKhbIzhCorcUS6nq2HSp1EbezeF6HGFiCUjP-kqsvpC3RDbF~C0buT~dYOau4yMcLjZb-m1bI-0O32f1S8j7HoT-y4magAJ3S4mC9ikPaf4AnMuXTPQ0HTHvx3916bGROE-F4ItV8w__&Key-Pair-Id=KUT5TJCACFTXG","Treasurer Taylor announced the promotion of an internal candidate to the treasury and collections supervisor post and said the treasurer's office is pursuing ways to strengthen the Junior County Treasurer (JCT) civic-education program.

Taylor said Josephine Romero, previously an accounting specialist senior who handled monthly distributions, was promoted to treasury and collections supervisor and that the accounting-specialist-senior vacancy has been posted. Taylor also said that Debbie Turmarkey has been hired as a tax researcher and is scheduled to begin on Monday, Feb. 17.

The staffing changes follow the retirement of a long-term employee, Annette Chavez, who served almost 40 years as treasury collection supervisor. \"Annette Chavez...had a huge amount of institutional knowledge,\" Taylor said, explaining the need for a replacement with supervisory experience and property-tax knowledge.

Taylor outlined recent and planned activities for the JCT program: the 2024 cohort completed a mock Board of Finance presentation on Feb. 10, one student attended the legislative opening session in January, and a public recognition is scheduled for Feb. 26 so families can attend. The program meets biweekly and Taylor said that, over approximately five months, the students met about 10 times with one-on-one sessions, quizzes and guided discussion.

Taylor said she wants to work with local high schools so students can earn credit for participation and to create more in-office shadowing opportunities. Commissioner Jones suggested seeking a brief slot at school assemblies to reach more students. Commissioner Brook and Commissioner Herr also asked about increasing hands-on opportunities and outreach to schools.

Taylor said last year and this year only two students submitted essays for the program and that she hopes stronger school engagement and credit options will increase participation. She added that the application requires an essay but said the transcript was uncertain whether the required length was \"100 or 250 words.\"","County Treasurer Taylor announced an internal promotion in the treasurer's office and outlined plans to expand the Junior County Treasurer program, including seeking high-school credit and more hands-on experience for participants.","actionData","errors"]

Article not found

Sanoval County portfolio keeps short-duration stance; book yield 3.85%, advisors report

Sandoval County replaces $135M letter of credit with $100M collateral; New Mexico Bank & Trust outlines acquisition by UMB

House Bill 47 veterans exemption could cut Sandoval County taxable base, treasurer warns

Sandoval County reports strong first-half tax collections; 58% of 2024 roll collected

Sandoval County treasurer promotes staff, seeks school credit for junior county treasurer program