Palm Beach County announces $135 million investment into Israel bonds
The funds will be directed to the Israeli Treasury, giving them the flexibility to use the money as needed.
The funds will be directed to the Israeli Treasury, giving them the flexibility to use the money as needed.
The funds will be directed to the Israeli Treasury, giving them the flexibility to use the money as needed.
Palm Beach County has announced a $135 million investment in Israel Bonds, marking the largest purchase of such bonds in history, according to the comptroller's office. This comes as a follow-up to the county's initial $25 million investment, making it the first county in the United States to do so.
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The funds will be directed to the Israeli Treasury, giving them the flexibility to use the money as needed.
Palm Beach County Comptroller Joseph Abruzzo stressed the financial responsibility to taxpayers, stating that this investment will not only yield substantial interest but also strengthen ties with the State of Israel.
"I have an fiduciary responsibility to the taxpayers. We are investing an extra $135 million in Israel bonds, which will earn us millions of dollars in interest. Yet we will also stand with our strongest ally, the state of Israel," he said.
This move builds on the County Commissioners' 2021 decision to double the investment in Israeli Bonds.
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