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Ada County treasurer reports 97% collection on 2025 property taxes; investment earnings exceed budget forecasts
Summary
Treasurer Beth Vaughn told the commissioners the county has collected about 97% of 2025 property taxes, will distribute funds to taxing districts next week, and has earned about $8.8 million year-to-date on investments with June interest over $1.1 million.
Treasurer Beth Vaughn updated the Ada County Board of Commissioners on July 14 that the county has collected about 97% of property taxes for tax year 2025 and will distribute those funds to taxing districts the following week.
Vaughn reported June interest receipts of just over $1,100,000 and said the county's year-to-date investment earnings total about $8.8 million; she said, with three months left in the fiscal year, she expects the total to be closer to $10 million. Vaughn also reviewed the composition of the county's portfolio, noting diversification across a local government investment pool managed by the Idaho state treasurer, U.S. Treasury securities and federal home loan mortgage instruments.
On inflation, Vaughn said headline inflation slowed from 4.2% in May to 3.5% in June and core inflation eased from 2.9% to 2.6% over the same period; she cautioned some experts view the decline as possibly temporary given renewed international tensions. The treasurer said the county is prepared for market shifts because of portfolio diversification.
No action was required at the meeting for the treasurer's report; commissioners asked clarifying questions about the fiscal-year forecast and noted the report was positive overall.
