County investment advisors project $12M liquidity with no losses

Hunt County officials are poised to enhance their financial strategy after a recent Commissioners Court meeting on July 11, 2025, where they discussed a significant investment opportunity that could generate $12 million in liquidity without incurring losses. The meeting highlighted the county's commitment to prudent financial management and strategic investment planning.

During the session, investment advisors outlined a plan to establish a portfolio that would yield monthly interest, allowing the county to earn income without the burden of taxes or fees. The advisors emphasized that their fees would be minimal compared to the expected returns, ensuring that the investment would be financially beneficial for the county.

The court also addressed the procedural aspects of engaging investment services, confirming that they are not required to go through a formal Request for Qualifications (RFQ) process due to the nature of the services being classified as professional. This streamlined approach is expected to facilitate quicker decision-making and implementation.

In addition to investment discussions, the court reviewed budgetary requests from various departments, including the sheriff's office and the district attorney's office. Officials are considering potential salary increases for county employees, with discussions leaning towards a preliminary 3% raise. However, they agreed to hold off on larger requests for new positions or significant raises until a clearer financial picture emerges.

The county anticipates receiving its certified tax roll by late July, which will provide crucial data for finalizing the budget and determining tax rates. This upcoming information will be vital as the court continues to refine its financial strategies and address departmental needs.

As Hunt County moves forward, the decisions made during this meeting are expected to have lasting implications for its financial health and operational efficiency, ensuring that the county remains responsive to both investment opportunities and community needs.