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County treasurer reports FY25 receipts, investment strategy and new bank services; warns of economic uncertainty
Summary
Treasurer Sarah Benatar presented the annual report on tax collections, pooled investments and banking changes: the office reconciled roughly $1.38 billion in FY25, moved property tax lockbox services to a new bank and emphasized a conservative safety‑first investment approach amid economic uncertainty and the federal shutdown.
Coconino County Treasurer Sarah Benatar delivered the office’s annual report and an economic update to the Board of Supervisors on Oct. 1, summarizing fiscal year 2025 receipts and disbursements, changes in banking services and the county’s investment approach.
FY25 highlights and cash management Benatar said the treasurer’s office reconciled nearly $1.38 billion in FY25 and that the office manages deposits and investments not only for the county but for school districts, fire districts, the community college and other special districts. "The treasurer's office, we collect property taxes. It's what I always say we are most known for, but it actually is a small percentage of what our office actually does," she told the board.
Property tax collections: Benatar reported a FY25 current tax collection…
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