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Kalamazoo County reports strong midyear investment returns; commissioners press for budgeting discipline
Summary
County finance staff told commissioners the investment portfolio earned 4.74% in June and about $3.75 million year‑to‑date; commissioners urged using excess investment income for one‑time capital needs and questioned adding unfilled positions to ongoing payroll.
Kalamazoo County officials reported midyear financials on July 15 and highlighted strong investment performance even as property‑tax receipts remain seasonally low.
Chief Deputy Treasurer Tyler White told the Board of Commissioners the county’s investment portfolio had a par value of $148,370,353.41 and a market value of $147,820,241.06, producing a mark‑to‑market variance of $550,112.35. "For the month of June, our portfolio earned $589,735.28," White said, adding an effective monthly rate of return of 4.74%. He said year‑to‑date investment earnings total…
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