Property Tax Billing
Excise Tax Collection
The Treasurer is responsible for investing the cash reserves of more than 80 government entities geographically located within the county with over 400 different funds. In 2022, the average daily balance of these funds was $1.487 billion and approximately $17.7 million investment income was distributed to public participants. In total, over $82 million of investment income has been distributed since 2019. Investment income supports local government services without raising taxes or fees.
The Spokane County Investment Pool (SCIP) was created in 1994 to provide a more efficient way to manage these cash reserves and maximize interest income. The objectives of the pool, in order of importance, are safety, liquidity, and investment income. All investment decisions are governed by the Spokane County Investment Policy (PDF), which is drafted and reviewed by the Spokane County Finance Committee.
The Policy has been awarded Certificates of Excellence by the Municipal Treasurer’s Association of the United States and Canada, Washington Municipal Treasurer’s Association, and the Government Investment Officers Association. All investments must meet requirements of legality, as defined by Washington State Law.
The Treasurer's Office recently released a 2023 investment income projection of $39 million based on rising interest rates and reasonably anticipated cash flows to the investment pool. Click here to learn more about the 2023 investment income projection.
If you would like to review the policy, go to Spokane County Investment Policy (PDF) or to view current and past SCIP performance, including a chart showing the change in Spokane County Investment Pool rates and income distributed to government participants, go to SCIP Rates (PDF).
For current Investment performance, view the Spokane County Portfolio Dashboard (PDF).
Spokane County Finance Committee
RCW 36.48.070 establishes the County Finance Committee consisting of the County Treasurer as Chair, County Auditor as Secretary, and Chair of the Board of County Commissioners. The County Finance Committee reviews and approves the County Investment Policy and County Debt Policy. Meetings are held at least twice per year per the Spokane County Investment Policy.
Last Meeting: Wednesday Sept. 13, 2023, 9:00 A.M.
Spokane County manages debt for many local districts, both county and non-county. For more information on debt service managed by the Spokane County Treasurer's Office, contact us at (509) 477-6393