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Cuyahoga County public commenters clash over treasurer’s pause on Israel-bond reinvestment
Summary
Dozens of residents at the Feb. 25 Cuyahoga County Council meeting debated a treasurer decision to pause reinvesting maturing county holdings in Israel bonds; supporters urged the county to reinvest for higher returns while opponents hailed the freeze and urged redirecting funds to local needs. Councilmembers said the treasurer, not the council, made the reinvestment decision.
Dozens of residents used the Feb. 25 public-comment period at the Cuyahoga County Council meeting to press opposing views after the county treasurer paused reinvestment of maturing holdings in Israel bonds.
Supporters of continuing the county’s purchases said the bonds are a safe, income-producing asset that helps county services. David Pearl, who identified himself as a registered representative for Israel Bonds, said the securities “meet the requirements in the Ohio Revised Code” for foreign-bond investments and framed the holdings as prudent: “Every investment in Israel bonds is…
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