San Diego, CA - San Diego County Treasurer-Tax Collector Larry Cohen announced today that the County’s Investment Pool earned more than $151 million in net interest earnings during the first quarter of 2026.

“The San Diego County Investment Pool reached a high of $18.7 billion in April 2026, underscoring how effective investment strategies strengthen our region. “We realized $151 million dollars in net interest earnings, with an annualized yield of 3.84%, exceeding national inflation,” said Treasurer Cohen.

“Our office works to achieve strong results for San Diego County by safeguarding invested funds, maintaining liquidity for our participants, and seeking returns consistent with responsible risk management. These outcomes highlight our focus on responsible fund management and prudent investing,” continued Cohen.

The Treasurer-Tax Collector’s team invests pool funds in high-quality fixed-income securities on behalf of local agencies, supporting their operational and capital needs. Interest earnings help fund essential public services, including school districts, community colleges and county agencies, and they help reduce the burden on taxpayers.

San Diego County’s investment policies are established under the Pooled Money Fund Investment Policy and adhere to California state law. The County’s Treasury team recently earned two significant distinctions, highlighting its commitment to safeguarding public funds and maintaining one of the strongest public investment pools in the nation:

• Fitch Rating’s ‘AAAf’/‘S1’ - 27th consecutive year earned
• GFOA’s “Excellence in Financial Reporting” Distinction - 28th consecutive year earned