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Clerk Mike Caruso says Palm Beach County now holds $1 billion in Israel bonds after $350 million buy
Summary
Mike Caruso, Palm Beach County Clerk of Court and Comptroller, said he authorized a $350 million Israel-bond purchase that, with prior buys, brings county holdings to $1 billion; officials said the purchases comply with Florida law and a temporary policy raising the investment cap, and a lawsuit over the investments is pending.
Mike Caruso, Palm Beach County Clerk of Court and Comptroller, announced that he authorized his office to purchase $350,000,000 of Israel bonds, completed yesterday, bringing the county's Israel-bond holdings to exactly $1,000,000,000 when combined with a $129,000,000 purchase in November 2025. "This purchase places Palm Beach County as the largest investor in Israel bonds in the entire world," Caruso said.
Caruso said the purchases are permitted under Florida statutes and follow a county investment policy change approved by the Board last October that temporarily raised the maximum allowable share of the county's portfolio from 15% to 18%. He said the county's overall investment portfolio totals approximately $6,000,000,000 and that roughly 83% of it is liquid. "We're earning approximately 4.49% on our yield on Israel bonds," he said, adding those holdings…
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