Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Sandoval County treasurer: 2025 tax roll processed; portfolio positioned for lower short-term rates
Summary
Treasurer Taylor reported the 2025 tax roll was processed Oct. 1 and $202,790,000 was charged for collection. County balances and investments remain sizable; outside advisor Government Portfolio Advisors said the portfolio is overweight U.S. Treasuries and positioned for falling front-end rates.
Treasurer Taylor told the Sandoval County commission at a Nov. 5 quarterly meeting that the county processed its 2025 tax roll on Oct. 1 and that "202,790,000.00 was charged to the treasurer to collect for the 2025 taxes." The treasurer provided a snapshot of reserves and operating accounts, saying the general fund was about $44,900,000 and the tax payment account roughly $7,000,000; total UMB Bank balances were presented as about $63,500,000. Smaller accounts included a Wells Fargo account (~$60,000), Hemez Valley Credit Union (~$153,400) and Century Bank (~$5,000,000).
The county reported collecting roughly $7,400,000 in gross receipts tax so far this fiscal year but noted quarterly declines…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
