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Bernalillo County

Contact Information

Location:
One Civic Plaza, NW
Albuquerque, NM 87102

Phone:
(505) 468-7000

Fax:
(505) 462-9813

Hours:
Monday – Friday
8 a.m. – 5 p.m.

Email:
FinanceDivision@bernco.gov

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Treasurer Nancy M. Bearce Announces Strong Year End Results

Bernalillo County – Bernalillo County Treasurer Nancy M. Bearce and Deputy Treasurer Kenneth E. Scott presented the operations and investment results to the Bernalillo County Board of Finance at its regular meeting on Tuesday, Aug. 31.  The Board of Finance meets quarterly at the county’s new administrative headquarters, Bernalillo County @ Alvarado Square at 415 Silver Ave. SW. However, due to the current state public health order, the Board of Finance meeting was held via ZOOM and was available for live stream on YouTube. The county Board of Finance meeting can be viewed here.

Highlights for year-end results include:

  • More than $4 million in Net Investment Income for the Fiscal Year ending June 30, 2021 including amortized bond premiums
  • The Treasurer’s Office collected $734 million, 96.95% of property taxes, comparable to the previous two years of 96.84% and 98.82%
  • Collected $14.7 million in delayed 2019 property taxes
  • Increase in online property tax payments

“We had another strong quarter to end the year in the Treasurer’s Office,” says County Treasurer Nancy Bearce.  “We continued our strong collection efforts and earned a significant amount of investment income in a safe manner.”

The goal of Bernalillo County’s investment policy is to protect public funds in a way that provides safety of principal, liquidity of the portfolio, and achieves maximum rate of return.

The next Board of Finance meeting is Nov. 9 at 4 p.m.

Deputy Treasurer Kenneth Scott adds, “The current low interest rate environment makes it challenging to grow our savings and reserves.  Still, I am happy with the over $4 million in net investment income for the year.”

Contact the Bernalillo County Treasurer’s Office:

Phone: 505-468-7031

Email: treasurers@bernco.gov

Website: Bernco.gov/Treasurer

Investment Results: https://www.bernco.gov/treasurer/investment-reports.aspx

Social media: Facebook, Instagram and Twitter.

Where Your Tax Dollars Go: https://www.bernco.gov/treasurer/where-your-tax-dollars-go.aspx

 

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About Bernalillo County
Bernalillo County is 1,160 square miles and is New Mexico’s most populous county with more than 676,000 residents. Bernalillo County government provides a wide range of public services to residents who live in Albuquerque, Los Ranchos and Tijeras and the 111,000 residents who live outside the village and city limits in the unincorporated areas of the county.  Bernalillo County employs approximately 2,500 people and has an annual operating budget and capital investments of more than $650 million. Elected officials include five county commissioners, assessor, clerk, probate judge, sheriff, and treasurer.