Overview
- Clerk Mike Caruso finalized a $350.5 million purchase on Tuesday and outlined the decision at a Wednesday press conference.
- County officials say the $1 billion position is the largest held by any single investor in Israel Bonds worldwide.
- The County Commission’s Oct. 21, 2025 vote temporarily raised the Israel Bond cap from 15% to 18%, clearing the way for the expansion.
- Caruso projects roughly $47.2 million in interest over three years, citing higher yields than other authorized options such as U.S. Treasuries.
- Officials report Israel Bonds now make up about 18% of a roughly $6 billion portfolio, with yields near 4.49% versus a 3.5% county average that they say implies about $23 million in added interest.