The following is a press release issued by the County of Mendocino:
It has come to our attention, taxpayers with more than one notice, could see errors on the tax bills, due to a printing error with the contracted vendor.
The corrected tax bills will be prepared and sent to you as soon as possible. To avoid any confusion, we kindly request you use the reprinted bill when sending in your payment.
We understand that errors like these can be inconvenient, and we sincerely apologize for any inconvenience this may have caused.
If you have any questions or require further assistance, please do not hesitate to reach out to our Tax Collector’s office at (707) 234-6875.
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Now that Cubbison is out of the way, Sara Pierce 7 Darcie Antle should be looking at the Treasury Pool’s investment strategy. Cubbison fell flat on this one, everyone knows. The pool under Cubbison was making around 2% per year, which is ridiculously low. There is no reason a modernized investment pool could not be raking in 7-8% or even more with certain tech sector investments. Part of the pool could be used to give out low or no interest loans to individuals opening a business who cannot access capital in the private market. This would be an excellent way to stimulate the Mendo economy and generate additional tax revenues. The interest income alone could be well into the eight figure territory annually. That would pave a lot of roads, close the budget gap and even increase wages and staffing levels at the County all at the same time.
Two major rules of managing taxpayer money: – 1-Keep it safe 2- Keep it liquid, loaning money to start up businesses is risky and yet you suggest no interest. You’re cry about 2% and you want to give no interest loan that is absurd. You should run for Supervisor with that thinking.
This isn’t personal investments to risk for higher interest. Treasury pool needs to earn interest but only after considering safety and liquidity which are foremost priority. The cash flow and investments are managed to meet payables such as payroll and teeter payments to the schools and districts throughout the year so investments must be short term so they can and have enough funds accessible to cover those payments throughout the year even when revenue is not coming in like during fiscal year 1st qtr. Short term investments do not bring in high interest unless they carry risk. To even bring up loans is laughable, most of the money is the schools. F around with your Treasury funds and find out.
I was just in the office and paid mine. Nobody said a word. .