Term: 4 years
Salary: $61,917
Job Description:Collects taxes in the county and its subdivisions, including certain state taxes. Invests and distributes tax monies to the state or governmental subdivision for which they were collected. Serves as a member of the County Budget Commission and the Board of Revision.
Question: What is your investment strategy for the county funds collected by your office?
VOTE FOR ONE
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Daniel J. Talarek
213 Hilliard Rd.
Elyria, OH 44035
Party: Democrat
Age: 56
Education: St. Louis University, St. Louis, Missouri. BA Political Science 1970. Elyria Catholic High School, Elyria, Ohio 1966. Holy Cross Elementary, Elyria, Ohio 1962.
Occupation:Lorain County Treasurer
Training and Experience:Lorain County Treasurer, September 1989 to present. Elected 1988; Re-elected 1992, 1996, and 2000. Lorain County Chief Deputy Treasurer, February 1975 through April 1989. Lorain County Personal Property Tax Collector, August 1971 through February 1975. |
Response to Question:Safety of principal is the most important objective of the County Treasurer’s office. The investment of County funds shall be conducted in a manner that seeks to ensure the preservation of capital. Such priorities and guidelines are based upon Chapter 135.35 O.R.C. and prudent money management. The investment portfolio shall remain sufficiently liquid. Minimum liquidity levels may be established in order to meet all current obligations of the County so that securities mature concurrent with cash needs. Whenever possible, and consistent with risk limitations and prudent investment management, the County shall seek to augment returns above the market average rate of return through the implementation of active portfolio management strategies. Certificates of Deposit, Federal Agency Securities and eligible Money Market funds shall comply with 135.01 O.R.C. regarding limitations and restrictions. To energize the County’s economy, we have traditionally tried to keep our investments in local banks. |
