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Treasurer details investment pools; idle pool earned roughly $249 million in FY24 interest
Summary
The state treasurer’s office described four investment vehicles used by Idaho governments—the Local Government Investment Pool, the Diversified Bond Fund, the idle pool and the Millennium Permanent Endowment Fund—and staff agreed to post interest‑earnings detail requested by committee members.
The Idaho State Treasurer’s Office presented an overview of the state’s investment programs to the Joint Finance‑Appropriations Committee, describing four principal vehicles used to manage public cash and earn interest.
Christopher Lahoset, a budget and policy analyst with the Legislative Services Office summarizing the treasurer’s briefing, said the Local Government Investment Pool (LGIP) allows cities, counties and school districts to pool idle cash in short‑term, high‑quality securities to achieve better returns than they might obtain…
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