Bledsoe will run for county treasurer
Dayton resident Kris Bledsoe has thrown her hat into the ring for election as Yamhill County treasurer.
Bledsoe, a member of the Yamhill County Investment Advisory Committee, announced her candidacy last week for the nonpartisan position. As of press time Tuesday morning, she was the only person to have filed for the position.
According to a press announcement, Bledsoe has been working closely with current county treasurer Mike Green, who will retire from the post at the end of his second term of office in December 2020. He has endorsed her candidacy for treasurer, she said.
"(Green) has done a great job with the existing portfolio," she said in an email. "It is important to have a treasurer who understands the ins and outs of investing."
Bledsoe has a bachelor's degree in economics and worked as an investment broker, as the head of lending at a savings and loan, and is a member of the Oregon State Treasurers Association, where she has attended trainings.
As a member of the county investment advisory committee, Bledsoe said she has gained a solid understanding of the county's current investment portfolio.
"In addition, my training with the Oregon State Investment pool philosophy and management and my membership in the Oregon State Treasurers Association has provided me with important information to help me step right into the job," she said.
The role of treasurer "is the management of Yamhill County capital in a manner that seeks to ensure the preservation of capital, mitigate investment risk and seek maximum return while keeping the first two criteria as they key objectives," she said. "The investment portfolio must remain sufficiently liquid to meet all anticipated operating requirements."
Ultimately, Bledsoe said, the job of treasurer would be in keeping with her past experiences and passions.
"One key characteristic is my love of all things economic and financial. I love numbers and the bond market in particular," she said. "I also currently manage a mid-size private pension plan, so I already work daily with the market. I am a very conservative investor. I want to make certain that our county money is managed prudently."
It's a mantle of responsibility Bledsoe does not take lightly and one that should not be left to the vagaries of the market.
"The county investment policy does not allow purchases of stocks or stock mutual funds," she said. "It is important to note that the optimal experience needed to do this job well is one of trading individual fixed income securities, not mutual funds. Trading of individual bonds requires in-depth understanding of potential risks in the bond market."
Readers may recognize Bledsoe's name from previous campaigns. She ran unsuccessful campaigns for open positions on the Yamhill County Board of Commissioners in 2008 and 2010. She ran for state representative in 2017 as well.
The 16-hours-a-week job of treasurer pays an annual salary of $30,000 in Yamhill County.
Quality local journalism takes time and money, which comes, in part, from paying readers. If you enjoy articles like this one, please consider supporting us.
(It costs just a few cents a day.)