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Treasurer reports July tax distributions, $9M invested and short-term placements at 4%+ yields
Summary
The county treasurer reported first-distribution tax receipts and described short-term investments made in high-yield CDs; staff warned of operational challenges in tax collection and postal delays.
The county treasurer reported on July 14 that the first installment tax distribution had generated roughly $53.6 million in collections and that the county’s invested-fund portfolio totaled about $9 million in short-term instruments. The treasurer told the board they placed $2.4 million in short-term investments at about 4.15% and planned another $2.6 million at about 4.17%. “Today, Steve, we have collected $53,600,000,” the Treasurer (unnamed) told the board, and noted the first distribution to…
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