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FROM A READER

Published: November 19, 2008

Editor:

I believe it is incumbent on Pasco County to show due diligence when it comes to deciding which instruments it is going to use to grow its day-to-day funds for optimal growth. That's why I find it a little unsettling and perplexing when I finished reading the news item "County Investments Slow" in the Window on Pasco in your Nov. 12 editions.

I'm hoping that before the new clerk of the court and the county's financial staff meet with Commissioner Michael Cox about discussing options in investing the county's day-to-day funds that a prudent step would be to examine the track history and public sector client feedback of that commissioner's investment performance.

I would think that these funds are taxpayer dollars and accordingly open to public scrutiny. I'm hoping the county financial decision makers will not be myopic nor parochial in relying on just a single source regardless of position or profession in determining how the county's funds are invested for the best results.

Charlie Amaral
New Port Richey

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