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.
Only News-Register subscribers can access this premium content.
To subscribe, click here. Daily, weekly, monthly and annual subscriptions available; Starting at just $2.
Already an online subscriber, please sign in:
• Farm Fest features horses, history (3428)
• Cyclist struck in Amity (2042)
• The agony of not knowing (1)
• Cyclist struck in Amity (1)