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Candidates for treasurer on how to handle $2.6 billion

Original post made on May 29, 2010

The taxpayers of San Mateo County currently have revenues of about $2.6 billion in an investment portfolio from which funds are periodically withdrawn to pay for the operation of various public agencies, including all county agencies and all local school districts.

Read the full story here Web Link posted Wednesday, May 19, 2010, 12:00 AM

Comments (2)

Posted by Watch Dog
a resident of another community
on May 29, 2010 at 3:22 pm

Thank you for the great article on the candidates for San Mateo County Treasurer.
The answers given by the candidates and the education listed, clearly show that Joe Galligan is by far the most qualified candidate. If this were a recruitment instead of an election, Joe Galligan would be hired.
As I stated in a previous post, I do not understand why the Almanac endorsed Dave Mandelkern over Joe Galligan. Dave Mandelkern definitely comes in second but not a close second.
Both Mandelkern and Galligan are right about one thing and that is the time has come to clean house in the Treasurer’s Office.


Posted by Concerned Voter
a resident of Menlo Park: Allied Arts/Stanford Park
on May 29, 2010 at 3:23 pm

Clearly, Joe Galligan's education, experience and public service make him the most qualified candidate. Mr. Mandelkern is accomplished and well educated, however not in the finance field as is Mr. Galligan. Mr. Guilbault has been an investment advisor for many years and may have "Wall Street" experience, but the County cannot invest in Wall Street stocks or derivatives, only government securities and highly rated corporate paper. Ms. Arnott has held clerical and middle management appointments in the Treasurer's Office for 20 years, but has never been in charge of investments according to a letter from Lee Buffington on her web site. Her lack of higher education is also of concern.


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