An investment made by Madison County Treasurer Kurt Prenzler has drawn the ire of the county's auditor. Prenzler announced this week that he sold nearly $40-million in step-up bonds for safety reasons, but Madison County Auditor Rick Faccin isn't convinced it was a good investment. Faccin says the move will cost the cost the county more than $1-million.
The two also disagreed over the priorities for taxpayer money during the Government and Operations Committee Meeting last week. Faccin criticized Prenzler for the low-yield of his prior investments, while Prenzler defended his actions arguing that safety and liquidity are more important than yield when it comes to taxpayer money.