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Ada County treasurer reports $350.5M in investments; tax-deed parcel set for April auction at $10,765 minimum bid
Summary
The treasurer reported February investments of about $350.5 million and said the county is ahead on projected earnings; the board approved offering a tax-deed parcel at a minimum bid of $10,765 to cover delinquent taxes, estimated 2026 taxes, and costs, with an April 8–10 auction scheduled.
The Ada County treasurer's office presented its February financial report on March 10, reporting county investments near $350.5 million and noting year-to-date earnings are already more than half of the $9.3 million fiscal-year projection after five months.
Treasury staff described reinvestment activity: a February maturity yielded about $4.5 million, and the office purchased about $5.7 million in mortgage-backed securities during the month to lock in longer-duration yields. The treasurer noted the Federal Reserve schedule and yield-curve movements as drivers of short- and long-term investment returns.
On a separate tax-deed matter, the treasurer asked the Board to approve a minimum bid of $10,765 for a parcel scheduled to be offered at public auction April 8–10, 2026. Staff explained the minimum bid covers delinquent taxes, estimated 2026 taxes, and administrative costs; no other party of interest had come forward. The board approved offering the parcel at the proposed minimum bid.
Why this matters: the county's investment earnings affect available resources and budget projections; the tax-deed sale follows statutory timelines and offers a path to recover delinquent taxes while protecting potential claimants' rights to excess proceeds under state law.
