County treasurer reports mixed year-end finances, plans short-term investments
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Summary
The county treasurer reported income tax receipts up ~$369,000 year-over-year but total county funds fell about 13% due to timing and one-time spend-outs; 11 investments matured in December and the treasurer plans about $1.6 million in new 90-day investments.
Speaker 3 (County Treasurer) presented the county—s year-end financial summary and investment activity at the March 7 meeting.
The treasurer said income tax receipts for 2025 were "369,000 and change" higher than 2024 and described that as a pleasant surprise given reductions in one income stream. At the same time, total county funds were down about 13% compared with November (roughly $1.25 million), the treasurer said, attributing the decline to timing issues including a third payroll, holiday payouts and normal annual cycles.
He reported 11 investments matured in December, producing about $41,500 in interest across seven county funds, and that 14 investments remained in place as of Dec. 31. The treasurer said he plans additional 90-day investments totaling about $1,600,000.
The treasurer told the committee that 2025 overall showed a 7.1% decline (about $2,185,000) driven largely by spend-outs; removing those outlays narrows the change to about 1.77% (approximately $500,000). He added that if funds fronted for nursing-home expenses had been repaid, the county would have recorded growth of about $342,000.
On tax-bill reporting, he explained a new General Assembly requirement to include TIF activity on tax bills is impractical; the county will instead provide a link to the Comptroller—s data warehouse so residents can view TIF details online without tripling postage costs.
The treasurer also noted ongoing administrative work on W-2s and 1099s and coordination with payroll and staff to meet year-start filing deadlines.