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Rio Rancho advisory board recommends reinvesting $1.03 million of permanent fund earnings
Summary
The Investment Advisory Board voted to recommend reinvesting the distributable half of the 2025 permanent fund earnings — about $1,028,605 — and asked staff to study creating a separate short-term subaccount to hold rainy‑day cash.
The Rio Rancho Investment Advisory Board voted to recommend that the governing body reinvest 50% of the permanent fund’s 2025 earnings and asked staff to study creating a separate short-term subaccount to hold accumulated rainy‑day cash.
Director Stephanie Yara told the board the permanent fund’s market value with the State Investment Council is about $15,896,000 and that “the fund earned a little over $2,000,000. Fifty percent of that will go back in, and be reinvested per…
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