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Treasurer Matheson presents FY26 estimates, recommends $5.5 million interest revenue
Summary
Kootenai County Treasurer Steve Matheson told commissioners he plans a $5.5 million interest-income estimate for FY26, outlined assumptions behind the figure and described staffing and project requests including a $50,000 business-process analysis and $40,000 public-administration budget.
Kootenai County Treasurer Steve Matheson told the Board of County Commissioners on May 29 that he is proposing $5,500,000 in budgeted interest income for FY26 and is reducing department expenses by about $94,000 to lessen the county’s reliance on property tax.
Matheson, who said he would speak briefly to both the board and community, framed the recommendation around three statutory duties of the treasurer’s office: custody of county cash and investments (currently $156,629,264.91), tax collection (billing and collection of more than $200 million annually from about 96,000 taxable parties/parcel accounts on behalf of 46 levying authorities, 13 special assessments and 11 urban renewal districts) and public-administrator duties (managing estates of deceased residents with…
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