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Treasurer reports $608M in pooled investments; committee sets direction for FY 2026–27 budget
Summary
The City Treasurer reported $608 million in pooled investments and a blended portfolio yield near 3.9%; the committee reviewed departmental budget augmentation requests totaling about $8.3 million across funds and directed staff to proceed with the proposed schedule for FY 2026–27.
City Treasurer Ray McCrayer told the Finance Committee on April 13 that the city’s pooled investments totaled about $608,000,000 as of Dec. 31, 2025, producing roughly $18,000,000 in interest earnings in the first half of the fiscal year and an average portfolio return of about 3.9 percent. McCrayer described portfolio structure — internal cash/Wells Fargo money market (~$18M), three external managers…
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