Bernalillo County Board of Commissioners: Board of Finance Meeting - November 10, 2026

The Bernalillo County Board of Finance met on November 10, 2026. It approved the August 25, 2026 meeting minutes. The Treasurer’s Office reported that it is considering conducting delinquent property tax auctions in-house rather than using the New Mexico Property Tax Division, which could keep approximately $1 million in the county instead of paying for the state’s service. The office also reported increasing Wells Fargo collateralization from the 50% statutory minimum to 75% without an increase in fees. No contract award or purchasing decision was identified.

The board received updates on property-tax collections, investment balances, and portfolio strategy. The Treasurer’s Office projected investment income of roughly $27–29 million for FY2027 if conditions hold, compared with approximately $9–10 million budgeted for the general fund. A motion was made and seconded to give advice and consent to the proposed investment strategy; the transcript does not capture a vote on that motion. No other procurement activity was identified.