Why are my tax dollars being invested?

The Trustee may invest tax dollars and other sources of revenue in order to earn interest on the money collected.  These investments enable county offices to upgrade outdated equipment, hire additional staff as needed and to return more money to the county's general fund.

By investing county revenue from various county offices along with county taxes, we can obtain higher interest rates for higher returns for each dollar we receive.  Pooling our tax dollars with income from other county offices gives us a larger dollar amount to invest and, therefore, a larger return.

How and where are my tax dollars invested?

The Trustee's office has a highly trained professional banking department staff that keeps up with the latest market changes on a daily basis.   They invest in CDs (certificates of deposit), U.S. government bond issues, commercial paper, repurchase agreements and with the local government investment pool (LGIP).  With the latest technology at their disposal the banking staff can make prudent decisions about how and where to invest your tax dollars to get the highest amount of return.