JoCo $$ fine
From our weekly issue dated October 08, 2008
Despite turmoil in the national banking and finance areas, investments by Josephine County are safe, said county Treasurer John Harelson.
“Josephine County can rest easy,” said Harelson. “All county accounts are either backed by the federal government or are 100 percent guaranteed by the Oregon State Treasury’s Public Fund Collateralization Program.”
The treasurer, he stated, has responsibility for investing up to $78 million. “A portion of these balances are property taxes collected for cities, schools and other districts, and are turned over to them monthly,” he said.
“In 2007-08 $1.8 million in interest was earned by the treasurer for all the taxing districts in the county,” Harelson said.
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