Online subscriber? Please Log In
  

Need Help? | Forgot Your Password?

Green wants jump start as treasurer

Nov 8, 2012


By Nathalie Hardy
Of the News-Register


Michael Green has just one problem with his new job as county treasurer: It doesn’t start soon enough. 

Green defeated opponent Bill Bordeaux, retired McMinnville teacher, in this week’s election. Green had 17,937, or 59.55 percent, while Bordeaux had 12,185, or 40.45 percent.

Green is so eager to get to work he said he wants to start sooner than January, if possible. Treasurer is currently a quarter-time position, which is 10 hours a week. He said a jump start on the job would provide some time to learn and quickly assimilate the routines of the job before the new year.

He stated often during his campaign his desire to do more with the county’s current investment policy.

“Not a great deal more, but some,” he said.

The first order of business, he said, is to write an investment plan for the county, which needs to be reviewed by both the board of commissioners and the State Treasurer’s Office Commission, which meets quarterly. 

So, Green said, if he can start soon, he could have the plan ready by January’s meeting. Otherwise, it might not be until spring that he can present the new investment policy. 

“The sooner it gets done, the faster we can take advantage of any opportunities available,” Green said. 

Green, who has been serving on the county budget committee for seven years, said the county maintains a cash reserve of at least $15 million.

He said it has virtually all that money invested in the state’s Local Government Investment Pool, which is only paying 0.6 percent, thus producing less than $80,000 of annual income.

Retired from corporate life as an executive in the Bay Area, Green is also growing grapes commercially and serving on the Yamhill County Soil & Water Conservation District board, which has named him treasurer.

During his SWCD tenure, he said, he had worked with the state Treasurer’s Office to do exactly what he’s proposing to do with the county — win approval of an updated investment policy.

Would you like to comment on this article?

Only online subscribers may comment on articles. Click here to see how you can subscribe.
Already a subscriber, please

Note: Some articles do not accept comments at all.

© 1999- News-Register Publishing | © The Associated Press
The News-Register and NewsRegister.com are owned and operated by News-Register Publishing Co., P.O. Box 727, McMinnville, OR 97128.
All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Web design & powered by LVSYS