Over $535 Million Dollars Earned for Idahoans

BOISE, Idaho (KMVT/KSVT) — Idaho State Treasurer Julie A. Ellsworth reported that the interest earnings for Fiscal Year 2024 exceeded $535 million.

Each year, the Treasurer’s office invests the money of state and local governments and returns the interest earned from those investments to the taxpayers. These dollars help cover the cost of government and reduce the burden on taxpayers.

“My office is committed to providing exceptional service by ensuring optimal returns for the taxpayers of Idaho,” said Treasurer Ellsworth. “While focusing on safety and liquidity. I believe $535 million in interest earnings reflects our skill and dedication.”

The Diversified Bond Fund distributed over $52 million in earnings, while the Local Government Investment Pool distributed over $233 million. In addition to these earnings, the Idle Investment Pool for state agencies distributed over $249 million, totaling over $535 million in revenues.

The Treasurer’s Investment Advisory Board establishes Idaho’s sound investment policies and the Idaho code.