Supervisors hear options for funding $30,000 annual payout; in‑house CD plan on table

Board members reviewed options discussed with a financial adviser for funding a recurring $30,000 annual payout using local-option sales‑tax reserves. A presenter explained scenarios for using certificates of deposit or annuities: "If we put 250,000 in it, we can pay out and keep renewing it every year at between 3 and 1/2 and 4% interest and pay out the 30,000 for 10 years," the presenter said. The group also discussed a larger $650,000 scenario that could maintain a larger principal balance while supporting the payouts.

Supervisors said the county may pursue an in‑house CD strategy rather than an external annuity; staff will provide more detailed numbers for board consideration. No final funding decision was made at the meeting, but members signaled willingness to review terms and legal implications before a future vote.