Sandoval County's Investment Committee meeting on July 22, 2025, highlighted a significant decline in construction-related investments, prompting discussions on the county's financial strategies moving forward. Treasurer Taylor reported a total of $1.4 million earned from interest-bearing accounts at New Mexico Bank and Trust since January, with a steady interest rate of 3.75%.
The committee also noted the liquidation of $6 million in remaining American Rescue Plan Act (ARPA) funds, which have now been returned to the county for distribution. Currently, the county has $60.6 million invested at Zions and in Local Government Investment Pools (LGIPs).
Market trends were a focal point of the meeting, with Frank from GPA presenting an overview of the yield curve, which has shifted downward but remains inverted. This trend suggests potential future decreases in interest rates as the Federal Reserve considers adjustments to combat inflation, which has been stabilizing around 3%.
The committee emphasized the importance of monitoring economic indicators, including GDP growth and non-farm payroll trends, as they prepare for upcoming financial decisions. The discussions underscored the county's proactive approach to managing investments amid fluctuating economic conditions, ensuring that funds are effectively utilized for community benefit.