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La Mesa treasurer reports record investment earnings and urges council to consider appointing the office
Summary
City Treasurer Matt Trebone told the council La Mesa—s investment portfolio set records in 2025 and proposed studying whether the treasurer should be appointed rather than elected, citing potential tension with finance staff. Council members thanked him but said the matter needs study outside this meeting.
City Treasurer Matt Trebone reported the quarter ending Dec. 31, 2025, and said the city earned near-record investment returns last year while holding substantial liquid assets, then raised a governance question: he suggested the council consider appointing, rather than electing, the city treasurer.
Trebone told the council the city—s portfolio saw limited activity in the past quarter, including two called agency investments that returned about $2,000,000 to the city. He presented a pro…
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