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Treasurer reports steady portfolio yields, $343M balance and rising local receipts; warns of federal debt limit and inflation risks
Summary
Deschutes County Treasurer Bill Kidd reported a May portfolio balance of about $343 million and a blended yield near 4.04%, noting rising yields from maturing investments and flagging federal debt-limit risk and recent inflation readings.
Deschutes County Treasurer Bill Kidd delivered the May financial update to the Board of Commissioners on June 23, reporting investment balances, yield trends and local economic indicators.
Kidd said the county’s portfolio balance at month‑end was roughly $343 million and net investment earnings for the month were $1.17 million — up from the prior month and higher than a year earlier. He reported a blended portfolio yield of about 4.04%, with the Local Government Investment Pool (LGIP) rate at 4.6% and the county’s First Interstate…
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