The Arizona State Treasurer’s Office announced a historic milestone: the Local Government Investment Pool (LGIP) has soared to a record $7.6 billion in total assets, a 131% increase since Treasurer Kimberly Yee took office in 2019. This growth, driven by strategic management and favorable market conditions, is delivering tangible benefits to local governments across Arizona.
The LGIP allows counties, cities, towns, special districts, community colleges, and tribal governments, to pool their funds for investment. Managed by the Treasurer’s Office, the LGIP offers economies of scale, professional oversight, and lower costs than private investment options. With four pools tailored to varying liquidity needs, the program prioritizes safety, liquidity, and competitive yields. In July 2025, the LGIP earned $24.49 million, with June earnings at $27.4 million, a 3.18% year-over-year increase. Pool 5, a diversified short-term fund, has maintained top “AAAf” and “S1+” ratings for 17 years, reflecting its stability.
Mohave County, one of 11 participating counties, reaps direct benefits from this record-high fund balance. These earnings, flow back to participants, enhancing Mohave County’s general fund. The LGIP’s growth also mitigates economic risks tied to national policies, such as President Trump’s tariffs. While tariffs have driven up costs for goods, increasing consumer prices by an estimated $3,000 per household, Mohave County’s LGIP participation provides a financial cushion.
The LGIP’s success depends on market conditions, and a downturn could reduce yields. For now, Mohave County benefits significantly from the LGIP’s record $7.6 billion balance. As Treasurer Yee noted, “We are proud to provide responsible stewardship of public funds while ensuring liquidity, safety, and strong returns.” For Mohave County, this stewardship means a stronger financial foundation to navigate economic uncertainties and invest in its future.