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Treasurer reports modest changes to interest rates; commissioners adopt FY2026–27 budget calendar
Summary
Gabriel Solis reported September investment results, noted the LGIP rate dropping from 4.6% to 4.5% effective tomorrow, and gave an update on tax collections. The board adopted the FY2026–27 budget calendar with budget hearings set for April 14 and 16 and other key dates.
Gabriel Solis presented the county's September investment and tax collection report, telling commissioners that liquidity has dipped and that one maturing investment was allowed to go liquid to preserve cash flow ahead of property tax receipts. He said LGIP interest had held at 4.6% for several months but that he had received notice the rate would decrease to 4.5% effective the following day.
Solis reported year‑to‑date tax collections through September of $653,177.34 and confirmed tax statements were mailed. He advised that the bulk of property tax receipts typically arrive around Nov. 15 and recommended returning to the commissioners later in November or early December with a reinvestment plan once collections arrive.
The board also reviewed and adopted the FY 2026–27 budget calendar. Key dates included an assumptions presentation on Jan. 28 and budget hearings on April 14 and April 16; the board approved the calendar by motion and voice vote.
Why it matters: the decline in LGIP rate is a small but measurable change in investment income; the adopted calendar sets the county's public schedule for budget development and hearings.
