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Treasurer reports rising delinquent‑tax collections and investment progress; county close to investment capacity
Summary
Greene County treasurer reported delinquent tax collections rose in May 2025 compared with May 2024 and provided an update on the county’s investable cash and cash‑management work with CashVest to improve returns.
The Greene County treasurer reported to the county committee on June 16 that delinquent tax payments for May 2025 totaled $489,939.34, up $246,427.04 from May 2024. Year‑to‑date delinquent tax payments for 2025 were $3,325,395.54 versus $2,276,017.17 for the same period in 2024, an increase of $1,049,378.37.
Amount due and collections: The treasurer said the amount due to Greene County for delinquent taxes as of May 2025 totaled $5,856,391.01, up from $5,296,185.70 in May 2024. Sales tax receipts to date for 2025 were $19,450,507.89 compared with $18,565,670.66 for 2024 (an increase of $884,837.23, or 4.77 percent). The treasurer noted that total county town collections to date were $36,879,474.29, with payments to date of $21,233,325.12.
Investment and cash management update: The treasurer told the committee that CashVest’s analysis identified approximately $55.5 million of investable county cash and that the county was within roughly $240,000 of the maximum amount that can be placed into available investment vehicles under county policy. He said planned adjustments could improve returns by about 55 basis points on a targeted pool of assets, and his goal in coming weeks is to implement those tweaks to maximize investment income.
Justice center bond and cash flow: The treasurer noted the county has not yet issued short‑term BANs (bond anticipation notes) for the justice center; the bond year BAN matures in December and the county will roll it again. He stated the county used reserve funds and bond proceeds to pay certain justice center invoices and that interest earnings on excess bond proceeds would be returned to the capital account as required.
Ending: Committee members asked clarifying questions about sources of funds and the treasurer confirmed the county’s cash is managed to remain compliant with arbitrage rules and capital accounting requirements. The treasurer said he will continue to pursue incremental yield improvements from the investment program and report back to the committee.
