Maricopa County Collects $97 Million in Interest
The Maricopa County Treasurer’s Office brought in $97.6 million in interest and investments during 2019, according to a press release. This total being more than the two previous years combined.
According to the press release, more than 70% of the funds earned will go back to area schools.
“Our office is doing an incredible job of giving back to the taxpayers and our schools,” Treasurer Royce Flora said in the release.
The Office managed more than $16 billion during the fiscal year. About $4 billion dollars of the $16 billion was used in protected, short-term investments to generate the interest income.
“Thanks to the growing Maricopa County economy and our portfolio manager Mark Thompson, these investment earnings are able to go to the County’s General Fund to support our county schools and other needs.”
Click here for more information on the Maricopa County Treasurer’s Office.