Santa Fe County Treasurer Recommends Continued Use of LGIP, Short‑term Investment Strategy
Treasurer Montanatos told the Board of Finance the county has deposited another $15 million into the state Local Government Investment Pool and recommended leaning on short‑term investments and selective CD purchases in the near term; commissioners asked about partnering with state investment bodies and local credit unions.
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Treasurer Anna Montanatos reported to the county board that, following second‑half property tax collections, Santa Fe County has again parked funds in the state Local Government Investment Pool (LGIP), including a $15,000,000 deposit. Montanatos said the county’s cash‑management approach will continue to favor short‑term placements that preserve liquidity should distributions or other needs arise.
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